Mirae Asset Global Investments Co. Ltd. acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 39,990 shares of the company's stock, valued at approximately $6,770,000.
Several other large investors have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan increased its position in Live Nation Entertainment by 0.3% in the second quarter. Nissay Asset Management Corp Japan now owns 21,068 shares of the company's stock worth $3,858,000 after purchasing an additional 66 shares during the period. MGO One Seven LLC lifted its position in Live Nation Entertainment by 5.0% during the 3rd quarter. MGO One Seven LLC now owns 1,499 shares of the company's stock valued at $254,000 after purchasing an additional 72 shares during the period. MCF Advisors LLC boosted its stake in shares of Live Nation Entertainment by 7.7% in the 2nd quarter. MCF Advisors LLC now owns 1,188 shares of the company's stock valued at $218,000 after purchasing an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Live Nation Entertainment by 1.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company's stock valued at $1,041,000 after purchasing an additional 89 shares during the last quarter. Finally, Wedmont Private Capital grew its position in shares of Live Nation Entertainment by 6.9% during the 3rd quarter. Wedmont Private Capital now owns 1,427 shares of the company's stock worth $245,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 74.52% of the company's stock.
Live Nation Entertainment Stock Performance
Shares of LYV stock opened at $180.64 on Friday. The stock has a market cap of $42.56 billion, a PE ratio of -159.85 and a beta of 1.15. The stock has a 50-day moving average of $172.93 and a 200-day moving average of $167.23. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85. Live Nation Entertainment, Inc. has a one year low of $125.34 and a one year high of $189.24.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.19. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The business had revenue of $10.11 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the firm earned $0.73 EPS. Live Nation Entertainment's quarterly revenue was up 18.9% compared to the same quarter last year. As a group, sell-side analysts expect that Live Nation Entertainment, Inc. will post 1.06 earnings per share for the current year.
Insider Buying and Selling
In other Live Nation Entertainment news, CAO Brian Capo sold 2,900 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.00, for a total value of $533,600.00. Following the completion of the sale, the chief accounting officer owned 8,655 shares of the company's stock, valued at approximately $1,592,520. This represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.89% of the company's stock.
Live Nation Entertainment News Summary
Here are the key news stories impacting Live Nation Entertainment this week:
- Positive Sentiment: Q3 adjusted earnings were $1.69 per share, above the $1.51 consensus and up from $0.73 a year earlier. Revenue of $10.11 billion also topped the $9.60 billion estimate. The beats may support investor confidence in concert demand and the company’s operating performance. Live Nation Q3 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Management described artists taking music to more fans and said fans are showing up in record numbers, reinforcing the company’s positive demand narrative. Live Nation Entertainment Reports Third Quarter 2026 Results
- Negative Sentiment: ETF holdings data showed funds were net sellers of LYV on Nov. 3. This is a modest potential headwind, but it predates the quarterly results and may be less relevant than the earnings beat. ETFs Are Net Sellers of Live Nation
Analysts Set New Price Targets
LYV has been the topic of several analyst reports. Oppenheimer set a $100.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, July 28th. Zacks Research lowered shares of Live Nation Entertainment from a "hold" rating to a "strong sell" rating in a report on Monday, October 19th. Roth Capital set a $208.00 target price on shares of Live Nation Entertainment in a report on Friday, July 31st. Citizens Jmp upped their target price on shares of Live Nation Entertainment from $190.00 to $215.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings downgraded Live Nation Entertainment from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Twenty investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Live Nation Entertainment has a consensus rating of "Moderate Buy" and an average target price of $197.95.
Read Our Latest Report on LYV
About Live Nation Entertainment
(
Free Report)
Live Nation Entertainment, Inc is a global live entertainment company that promotes, produces and operates concerts, music festivals and other live events. Through its Live Nation Concerts business, the company works with artists and manages event production, marketing and venue operations across a broad range of musical genres.
The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related services for concerts, sports events, performing arts programs and other live entertainment.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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