Mizuho Markets Americas LLC Has $17.52 Million Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Mizuho Markets Americas LLC grew its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.6% in the third quarter, Holdings Channel reports. The institutional investor owned 160,011 shares of the company’s stock after purchasing an additional 2,498 shares during the period. Mizuho Markets Americas LLC’s holdings in Live Nation Entertainment were worth $17,520,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Cromwell Holdings LLC grew its position in Live Nation Entertainment by 25.7% during the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after acquiring an additional 88 shares during the last quarter. Private Advisor Group LLC boosted its stake in Live Nation Entertainment by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after purchasing an additional 89 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Live Nation Entertainment by 1.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock worth $728,000 after acquiring an additional 95 shares in the last quarter. Empirical Finance LLC boosted its position in Live Nation Entertainment by 2.3% during the third quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock valued at $508,000 after purchasing an additional 105 shares during the last quarter. Finally, Mystic Asset Management Inc. increased its holdings in Live Nation Entertainment by 2.1% during the second quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock worth $491,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael Rowles sold 35,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the sale, the executive vice president now directly owns 167,447 shares of the company’s stock, valued at approximately $16,349,525.08. This represents a 17.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joe Berchtold sold 29,310 shares of Live Nation Entertainment stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the transaction, the chief financial officer now directly owns 566,722 shares of the company’s stock, valued at $55,255,395. This represents a 4.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,500 shares of company stock valued at $17,097,016 in the last ninety days. 2.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Benchmark upped their price objective on Live Nation Entertainment from $132.00 to $144.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen raised their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday. Evercore ISI increased their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday. Bank of America increased their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $123.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Live Nation Entertainment Stock Down 0.1 %

Shares of LYV opened at $129.00 on Friday. The stock has a market capitalization of $29.97 billion, a price-to-earnings ratio of 137.23, a PEG ratio of 3.27 and a beta of 1.33. Live Nation Entertainment, Inc. has a 52 week low of $81.38 and a 52 week high of $130.83. The company has a debt-to-equity ratio of 6.10, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a fifty day moving average of $112.78 and a 200-day moving average of $100.62.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the firm posted $1.78 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 1.11 earnings per share for the current fiscal year.

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.