New York Life Investment Management LLC Has $1.70 Million Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

New York Life Investment Management LLC lowered its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,457 shares of the company’s stock after selling 165 shares during the period. New York Life Investment Management LLC’s holdings in Live Nation Entertainment were worth $1,699,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Live Nation Entertainment by 2.1% during the first quarter. Vanguard Group Inc. now owns 15,499,116 shares of the company’s stock worth $1,823,315,000 after buying an additional 317,335 shares during the last quarter. Select Equity Group L.P. raised its stake in Live Nation Entertainment by 8.1% during the first quarter. Select Equity Group L.P. now owns 11,512,128 shares of the company’s stock worth $805,849,000 after buying an additional 862,050 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Live Nation Entertainment by 1.6% during the second quarter. Canada Pension Plan Investment Board now owns 8,371,687 shares of the company’s stock worth $762,744,000 after buying an additional 130,100 shares during the last quarter. Principal Financial Group Inc. raised its stake in Live Nation Entertainment by 0.5% during the third quarter. Principal Financial Group Inc. now owns 7,108,633 shares of the company’s stock worth $590,301,000 after buying an additional 33,215 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Live Nation Entertainment by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,606,439 shares of the company’s stock worth $460,733,000 after purchasing an additional 323,756 shares during the period. Institutional investors own 70.95% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Joe Berchtold sold 119,100 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $92.91, for a total value of $11,065,581.00. Following the sale, the chief financial officer now owns 442,107 shares of the company’s stock, valued at $41,076,161.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.85% of the company’s stock.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $88.83 on Wednesday. The firm has a market cap of $20.46 billion, a price-to-earnings ratio of 60.84 and a beta of 1.30. The company has a debt-to-equity ratio of 7.57, a quick ratio of 1.14 and a current ratio of 1.14. Live Nation Entertainment, Inc. has a 52 week low of $64.25 and a 52 week high of $101.74. The firm’s 50-day simple moving average is $89.49 and its two-hundred day simple moving average is $86.54.

Wall Street Analyst Weigh In

LYV has been the subject of a number of research reports. Evercore ISI upgraded shares of Live Nation Entertainment from an “in-line” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Thursday, October 26th. Roth Capital upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Guggenheim raised their price target on shares of Live Nation Entertainment from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Morgan Stanley upgraded shares of Live Nation Entertainment from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $100.00 to $110.00 in a report on Thursday, December 14th. Finally, Roth Mkm upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $92.00 to $114.00 in a report on Friday, January 12th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.91.

Read Our Latest Stock Analysis on Live Nation Entertainment

Live Nation Entertainment Profile

(Free Report)

Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.

Further Reading

Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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