Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC cut its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,856 shares of the company’s stock after selling 617 shares during the quarter. Metis Global Partners LLC’s holdings in Live Nation Entertainment were worth $455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its holdings in shares of Live Nation Entertainment by 148.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in Live Nation Entertainment in the 3rd quarter valued at about $33,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Live Nation Entertainment by 9,800.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after buying an additional 490 shares during the period. Tobam acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth $59,000. Finally, Headlands Technologies LLC acquired a new stake in Live Nation Entertainment in the 3rd quarter worth about $88,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on LYV shares. Rosenblatt Securities increased their target price on Live Nation Entertainment from $119.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 23rd. Morgan Stanley boosted their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Oppenheimer lifted their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Live Nation Entertainment from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

View Our Latest Research Report on Live Nation Entertainment

Live Nation Entertainment Trading Down 0.0 %

LYV opened at $97.02 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83. The stock has a market capitalization of $22.45 billion, a PE ratio of 92.40, a PEG ratio of 1.96 and a beta of 1.34. The firm has a 50-day moving average price of $98.76 and a two-hundred day moving average price of $92.29. Live Nation Entertainment, Inc. has a 1-year low of $76.48 and a 1-year high of $107.24.

Live Nation Entertainment (NYSE:LYVGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.32). Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. The business’s revenue was up 21.5% on a year-over-year basis. As a group, equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.85% of the company’s stock.

Live Nation Entertainment Profile

(Free Report)

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.

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

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