3,991 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,991 shares of the company’s stock, valued at approximately $374,000.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Live Nation Entertainment by 96.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,698,063 shares of the company’s stock worth $435,041,000 after purchasing an additional 1,819,841 shares during the period. Norges Bank purchased a new stake in shares of Live Nation Entertainment in the 4th quarter worth approximately $115,328,000. Findlay Park Partners LLP increased its position in Live Nation Entertainment by 55.1% during the 3rd quarter. Findlay Park Partners LLP now owns 3,059,485 shares of the company’s stock valued at $254,060,000 after buying an additional 1,087,264 shares in the last quarter. Select Equity Group L.P. raised its stake in Live Nation Entertainment by 8.1% during the first quarter. Select Equity Group L.P. now owns 11,512,128 shares of the company’s stock valued at $805,849,000 after buying an additional 862,050 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. boosted its holdings in Live Nation Entertainment by 52.8% in the third quarter. Jericho Capital Asset Management L.P. now owns 2,100,000 shares of the company’s stock worth $174,384,000 after acquiring an additional 726,000 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment Trading Down 2.4 %

Shares of Live Nation Entertainment stock opened at $89.64 on Friday. Live Nation Entertainment, Inc. has a 1-year low of $64.96 and a 1-year high of $107.24. The company’s fifty day simple moving average is $99.01 and its 200-day simple moving average is $91.35. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $20.69 billion, a PE ratio of 67.40 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. As a group, equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.63 earnings per share for the current year.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the sale, the director now directly owns 59,374 shares in the company, valued at approximately $5,967,087. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LYV shares. Roth Mkm upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and upped their price target for the stock from $92.00 to $114.00 in a research note on Friday, January 12th. Rosenblatt Securities cut their price target on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. TD Cowen restated a “buy” rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a report on Tuesday. Morgan Stanley increased their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Oppenheimer boosted their price target on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average target price of $115.70.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.