Siemens Fonds Invest GmbH Purchases Shares of 6,424 Live Nation Entertainment, Inc. (NYSE:LYV)

Siemens Fonds Invest GmbH purchased a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,424 shares of the company's stock, valued at approximately $832,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock worth $65,000 after acquiring an additional 75 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in Live Nation Entertainment by 19.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock valued at $65,000 after purchasing an additional 80 shares during the last quarter. Western Pacific Wealth Management LP increased its stake in Live Nation Entertainment by 10.4% in the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock valued at $112,000 after purchasing an additional 82 shares during the last quarter. Gilbert & Cook Inc. increased its stake in Live Nation Entertainment by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company's stock valued at $707,000 after purchasing an additional 93 shares during the last quarter. Finally, Utah Retirement Systems increased its stake in Live Nation Entertainment by 0.4% in the fourth quarter. Utah Retirement Systems now owns 26,195 shares of the company's stock valued at $3,392,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock traded up $1.06 on Friday, reaching $137.21. 6,715,548 shares of the company were exchanged, compared to its average volume of 2,270,610. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The company's 50-day moving average is $133.59 and its two-hundred day moving average is $135.42. The firm has a market cap of $31.80 billion, a price-to-earnings ratio of 50.44, a P/E/G ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share 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 return on equity of 139.09% and a net margin of 3.90%. The firm's revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. As a group, research analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on LYV. Susquehanna began coverage on Live Nation Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $155.00 target price for the company. Roth Mkm lowered their price target on 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. Rosenblatt Securities lowered their price target on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Bank of America boosted their price target on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Finally, Benchmark reissued a "buy" rating and set a $178.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $162.07.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the completion of the transaction, the executive vice president now directly owns 189,456 shares of the company's stock, valued at approximately $27,922,025.28. This trade represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian Capo sold 5,066 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,374 shares of company stock worth $5,815,812. 3.01% of the stock is currently owned by company 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.