Live Nation Entertainment, Inc. (NYSE:LYV) Stock Position Cut by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lowered its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 22.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,173 shares of the company's stock after selling 1,828 shares during the period. Ameritas Advisory Services LLC's holdings in Live Nation Entertainment were worth $805,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Measured Risk Portfolios Inc. purchased a new position in Live Nation Entertainment in the fourth quarter valued at about $29,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Live Nation Entertainment in the 4th quarter valued at approximately $40,000. Smartleaf Asset Management LLC boosted its stake in shares of Live Nation Entertainment by 17.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after buying an additional 75 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth approximately $74,000. Finally, Optiver Holding B.V. increased its stake in shares of Live Nation Entertainment by 211.0% in the fourth quarter. Optiver Holding B.V. now owns 594 shares of the company's stock worth $77,000 after buying an additional 403 shares during the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

LYV stock traded up $0.16 during mid-day trading on Friday, reaching $149.27. The company had a trading volume of 925,403 shares, compared to its average volume of 2,333,807. Live Nation Entertainment, Inc. has a one year low of $87.33 and a one year high of $157.75. The stock has a market capitalization of $34.60 billion, a P/E ratio of 50.95, a P/E/G ratio of 5.79 and a beta of 1.45. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 7.43. The stock's 50-day simple moving average is $142.53 and its two-hundred day simple moving average is $137.02.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). Live Nation Entertainment had a net margin of 4.28% and a return on equity of 125.77%. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company's revenue for the quarter was down 11.0% compared to the same quarter last year. Research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling at Live Nation Entertainment

In related news, EVP John Hopmans sold 34,808 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $147.38, for a total value of $5,130,003.04. Following the completion of the transaction, the executive vice president directly owned 189,456 shares of the company's stock, valued at $27,922,025.28. This represents a 15.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LYV shares. Roth Mkm reduced their price objective on shares of Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wolfe Research upped their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Susquehanna set a $165.00 price target on Live Nation Entertainment and gave the stock a "positive" rating in a research note on Tuesday, June 10th. Sanford C. Bernstein started coverage on Live Nation Entertainment in a report on Wednesday, June 4th. They issued an "outperform" rating and a $185.00 price objective for the company. Finally, Macquarie increased their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Live Nation Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $165.24.

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.