Benjamin Edwards Inc. Increases Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Benjamin Edwards Inc. increased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 70.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,579 shares of the company's stock after acquiring an additional 3,138 shares during the period. Benjamin Edwards Inc.'s holdings in Live Nation Entertainment were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

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

Live Nation Entertainment Trading Up 1.4 %

NYSE LYV traded up $1.93 during trading hours on Friday, hitting $136.62. 1,256,666 shares of the company's stock were exchanged, compared to its average volume of 2,235,470. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a 50-day simple moving average of $127.81 and a 200 day simple moving average of $133.19. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 1.81 and a beta of 1.47.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). The company had revenue of $3.38 billion for 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 firm's revenue was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, equities analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LYV shares. Benchmark reiterated a "buy" rating and set a $178.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Susquehanna initiated coverage on Live Nation Entertainment in a report on Monday, April 28th. They issued a "positive" rating and a $155.00 target price for the company. Roth Mkm reduced their price target on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Rosenblatt Securities dropped their price objective on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, Live Nation Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.07.

Insider Transactions at Live Nation Entertainment

In related news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey T. Hinson sold 500 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock valued at $10,497,143 in the last 90 days. 3.01% of the stock is currently owned by corporate insiders.

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.