Vanguard Personalized Indexing Management LLC Has $586,000 Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Vanguard Personalized Indexing Management LLC lowered its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,257 shares of the company’s stock after selling 1,353 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Live Nation Entertainment were worth $586,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in shares of Live Nation Entertainment by 0.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock valued at $2,324,000 after buying an additional 117 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of Live Nation Entertainment by 1.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock valued at $956,000 after purchasing an additional 123 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Live Nation Entertainment by 5.4% in the 4th quarter. Spire Wealth Management now owns 2,833 shares of the company’s stock valued at $258,000 after purchasing an additional 145 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its holdings in shares of Live Nation Entertainment by 1.1% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,179 shares of the company’s stock worth $1,094,000 after buying an additional 146 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of Live Nation Entertainment by 5.9% during the 4th quarter. Raymond James Trust N.A. now owns 2,628 shares of the company’s stock worth $246,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on LYV shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Live Nation Entertainment from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Redburn Atlantic upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the company from $114.00 to $115.00 in a research report on Thursday, May 9th. Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 23rd. Morgan Stanley raised their price objective on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

Live Nation Entertainment Stock Down 7.8 %

Live Nation Entertainment stock opened at $93.48 on Friday. The firm has a 50 day moving average price of $98.18 and a two-hundred day moving average price of $93.30. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment, Inc. has a 52-week low of $76.48 and a 52-week high of $107.24. The firm has a market cap of $21.64 billion, a price-to-earnings ratio of 89.03, a PEG ratio of 2.05 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.32). Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm earned ($0.25) EPS. Live Nation Entertainment’s quarterly revenue was up 21.5% on a year-over-year basis. Equities analysts predict that Live Nation Entertainment, Inc. will post 1.39 EPS for the current year.

Insider Activity 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 that occurred on Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares in the company, valued at $5,967,087. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.85% of the stock is owned by corporate insiders.

Live Nation Entertainment Company Profile

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.