Inceptionr LLC Buys New Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Inceptionr LLC bought a new stake 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 bought 18,254 shares of the company’s stock, valued at approximately $2,364,000. Live Nation Entertainment comprises about 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 12th largest position.

Several other institutional investors have also recently added to or reduced their stakes in LYV. ValueAct Holdings L.P. acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at approximately $111,094,000. PointState Capital LP acquired a new position in shares of Live Nation Entertainment in the third quarter worth $102,762,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Live Nation Entertainment by 55.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company’s stock worth $118,147,000 after acquiring an additional 387,008 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Live Nation Entertainment by 37.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company’s stock worth $155,851,000 after acquiring an additional 385,143 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Live Nation Entertainment by 9.4% in the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock worth $410,664,000 after acquiring an additional 321,832 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Transactions at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now directly owns 195,346 shares in the company, valued at $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.72% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $136.73 on Thursday. The company has a 50-day simple moving average of $140.60 and a 200-day simple moving average of $125.32. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $31.91 billion, a price-to-earnings ratio of 50.27, a PEG ratio of 1.81 and a beta of 1.38.

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

Wall Street Analysts Forecast Growth

LYV has been the subject of several recent analyst reports. Bank of America lifted their price objective on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. The Goldman Sachs Group lifted their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Macquarie boosted their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, Oppenheimer boosted their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

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.