Rockefeller Capital Management L.P. Invests $1.41 Million in Live Nation Entertainment, Inc. (NYSE:LYV)

Rockefeller Capital Management L.P. bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,875 shares of the company's stock, valued at approximately $1,405,000.

Several other hedge funds and other institutional investors have also modified their holdings of LYV. Sterling Capital Management LLC boosted its position in Live Nation Entertainment by 779.9% in the fourth quarter. Sterling Capital Management LLC now owns 25,289 shares of the company's stock valued at $3,275,000 after buying an additional 22,415 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Live Nation Entertainment by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 69,443 shares of the company's stock worth $8,993,000 after acquiring an additional 440 shares in the last quarter. Phoenix Financial Ltd. grew its position in Live Nation Entertainment by 18.9% during the 4th quarter. Phoenix Financial Ltd. now owns 35,929 shares of the company's stock worth $4,653,000 after acquiring an additional 5,704 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Live Nation Entertainment during the 4th quarter valued at $156,000. Finally, Federated Hermes Inc. raised its position in Live Nation Entertainment by 21.6% in the 4th quarter. Federated Hermes Inc. now owns 552,163 shares of the company's stock valued at $71,506,000 after purchasing an additional 98,142 shares during the last quarter. Institutional investors own 74.52% of the company's stock.

Insider Buying and Selling

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of Live Nation Entertainment stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total value of $61,475.00. Following the sale, the director now directly owns 52,624 shares in the company, valued at approximately $6,470,120.80. The trade was a 0.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 11th. The shares were 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 directly owns 10,549 shares in the company, valued at approximately $1,300,058.76. This represents a 32.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 68,702 shares of company stock valued at $10,497,143. 2.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Rosenblatt Securities restated a "buy" rating and set a $174.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Morgan Stanley increased their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. The Goldman Sachs Group boosted their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Macquarie increased their price target on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Finally, Bank of America boosted 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. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $160.33.

Live Nation Entertainment Trading Up 0.2 %

Live Nation Entertainment stock traded up $0.23 during midday trading on Friday, hitting $132.95. 1,277,513 shares of the stock were exchanged, compared to its average volume of 2,242,644. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market capitalization of $31.03 billion, a PE ratio of 48.88, a P/E/G ratio of 1.81 and a beta of 1.31. The company has a fifty day simple moving average of $130.21 and a two-hundred day simple moving average of $131.62.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results 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. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.67 billion. Equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Live Nation Entertainment Company Profile

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.