1,413 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,413 shares of the company’s stock, valued at approximately $183,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Live Nation Entertainment in the fourth quarter worth about $255,955,000. ValueAct Holdings L.P. purchased a new stake in shares of Live Nation Entertainment in the 3rd quarter worth approximately $111,094,000. Artisan Partners Limited Partnership increased its position in Live Nation Entertainment by 19.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,733,176 shares of the company’s stock valued at $353,946,000 after buying an additional 445,704 shares in the last quarter. Geode Capital Management LLC raised its stake in Live Nation Entertainment by 9.4% during the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock valued at $410,664,000 after buying an additional 321,832 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Live Nation Entertainment by 18.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,809,949 shares of the company’s stock worth $234,388,000 after acquiring an additional 284,623 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

Shares of NYSE LYV opened at $121.00 on Friday. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $157.75. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a 50 day moving average of $137.16 and a 200 day moving average of $129.45.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Michael Rowles sold 63,136 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the transaction, the executive vice president now owns 195,346 shares of the company’s stock, valued at approximately $30,356,768.40. This represents a 24.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Brian Capo sold 5,066 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the completion of the sale, the chief accounting officer now owns 10,549 shares of the company’s stock, valued at $1,300,058.76. The trade was a 32.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,702 shares of company stock worth $10,497,143 over the last quarter. 2.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LYV has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Macquarie upped their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Roth Mkm raised their price target on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Bank of America increased their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group upped their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $160.33.

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.