Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by WASHINGTON TRUST Co

WASHINGTON TRUST Co lifted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,519 shares of the company’s stock after buying an additional 1,554 shares during the period. WASHINGTON TRUST Co owned 0.05% of Live Nation Entertainment worth $13,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Live Nation Entertainment by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 18,068,765 shares of the company’s stock worth $1,911,133,000 after purchasing an additional 110,097 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of Live Nation Entertainment by 12.3% during the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock valued at $1,213,053,000 after acquiring an additional 1,415,173 shares during the period. Canada Pension Plan Investment Board boosted its stake in Live Nation Entertainment by 1.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,722,620 shares of the company’s stock valued at $817,658,000 after purchasing an additional 155,920 shares during the period. William Blair Investment Management LLC grew its position in Live Nation Entertainment by 12.0% in the 1st quarter. William Blair Investment Management LLC now owns 3,633,791 shares of the company’s stock worth $384,346,000 after purchasing an additional 388,980 shares during the last quarter. Finally, D1 Capital Partners L.P. raised its stake in Live Nation Entertainment by 44.6% during the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock valued at $332,171,000 after acquiring an additional 1,093,000 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Roth Mkm boosted their price target on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their target price on Live Nation Entertainment from $121.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $118.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Rosenblatt Securities restated a “buy” rating and issued a $123.00 price objective on shares of Live Nation Entertainment in a report on Thursday, August 15th. Finally, Benchmark reiterated a “buy” rating and issued a $132.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Insider Buying and Selling

In other news, Director Jeffrey T. Hinson sold 1,500 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the transaction, the director now owns 59,789 shares in the company, valued at $5,626,742.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $96.61, for a total transaction of $483,050.00. Following the transaction, the chief accounting officer now directly owns 12,327 shares in the company, valued at $1,190,911.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey T. Hinson sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the sale, the director now directly owns 59,789 shares of the company’s stock, valued at $5,626,742.79. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,000 shares of company stock valued at $17,238,181. Corporate insiders own 2.72% of the company’s stock.

Live Nation Entertainment Trading Down 1.0 %

Shares of Live Nation Entertainment stock traded down $1.15 during trading on Wednesday, hitting $117.66. The stock had a trading volume of 429,965 shares, compared to its average volume of 2,092,899. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. The company has a market capitalization of $27.10 billion, a PE ratio of 112.08, a P/E/G ratio of 2.78 and a beta of 1.35. Live Nation Entertainment, Inc. has a 1 year low of $78.18 and a 1 year high of $119.47. The stock has a 50 day simple moving average of $105.78 and a 200 day simple moving average of $97.83.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the company earned $1.02 EPS. Live Nation Entertainment’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that Live Nation Entertainment, Inc. will post 1.18 EPS 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.