2,968 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 2,968 shares of the company's stock, valued at approximately $388,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. acquired a new position in Live Nation Entertainment in the 1st quarter valued at about $1,153,000. Praxis Investment Management Inc. boosted its position in Live Nation Entertainment by 45.2% during the first quarter. Praxis Investment Management Inc. now owns 5,560 shares of the company's stock worth $726,000 after acquiring an additional 1,730 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Live Nation Entertainment in the 1st quarter valued at $272,000. Teacher Retirement System of Texas acquired a new stake in shares of Live Nation Entertainment during the first quarter worth $3,081,000. Finally, Personal CFO Solutions LLC purchased a new stake in shares of Live Nation Entertainment in the first quarter valued at $277,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

Shares of NYSE:LYV traded up $0.45 during trading on Tuesday, reaching $149.89. 675,330 shares of the company's stock traded hands, compared to its average volume of 2,337,842. The company has a debt-to-equity ratio of 7.43, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50 day moving average of $145.12 and a 200-day moving average of $138.15. Live Nation Entertainment, Inc. has a 12 month low of $87.33 and a 12 month high of $157.75. The stock has a market capitalization of $34.74 billion, a P/E ratio of 50.99, a price-to-earnings-growth ratio of 5.83 and a beta of 1.45.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released 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 business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.63 billion. Live Nation Entertainment had a net margin of 4.28% and a return on equity of 125.77%. The business's quarterly revenue was down 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of Live Nation Entertainment stock in a transaction dated 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 transaction, the executive vice president owned 189,456 shares of the company's stock, valued at $27,922,025.28. The trade was a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LYV shares. Benchmark reaffirmed a "buy" rating and issued a $178.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Guggenheim reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, June 18th. Susquehanna set a $165.00 target price on shares of Live Nation Entertainment and gave the stock a "positive" rating in a research report on Tuesday, June 10th. Wolfe Research raised 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. Finally, Rosenblatt Securities reduced their target price on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Live Nation Entertainment presently has an average rating of "Moderate Buy" and an average target price of $165.24.

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.