AQR Capital Management LLC Grows Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

AQR Capital Management LLC grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 80.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,730 shares of the company's stock after acquiring an additional 17,242 shares during the period. AQR Capital Management LLC's holdings in Live Nation Entertainment were worth $5,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new position in Live Nation Entertainment during the 3rd quarter valued at approximately $38,000. Murphy & Mullick Capital Management Corp purchased a new position in Live Nation Entertainment in the 4th quarter worth about $40,000. Golden State Wealth Management LLC bought a new stake in shares of Live Nation Entertainment during the fourth quarter valued at approximately $42,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Live Nation Entertainment in the 4th quarter worth $44,000. Finally, Independence Bank of Kentucky purchased a new stake in Live Nation Entertainment in the fourth quarter worth about $45,000. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Up 0.5 %

Shares of LYV opened at $134.82 on Friday. 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 fifty day simple moving average of $127.84 and a two-hundred day simple moving average of $132.80. The company has a market capitalization of $31.56 billion, a PE ratio of 49.57, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company's revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, equities analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

LYV has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley raised their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Roth Mkm decreased their target price on shares of Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Bank of America raised 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 note on Monday, February 24th. Finally, The Goldman Sachs Group lifted their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $159.13.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 195,346 shares in the company, valued at $30,356,768.40. The trade was a 24.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brian Capo sold 5,066 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the transaction, the chief accounting officer now owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. The trade was a 32.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,702 shares of company stock worth $10,497,143. 2.72% of the stock is currently owned by insiders.

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.

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