Commerzbank Aktiengesellschaft FI Buys Shares of 1,700 Live Nation Entertainment, Inc. (NYSE:LYV)

Commerzbank Aktiengesellschaft FI purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,700 shares of the company's stock, valued at approximately $222,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its position in shares of Live Nation Entertainment by 134.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,503 shares of the company's stock valued at $2,785,000 after acquiring an additional 12,327 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Live Nation Entertainment by 0.8% during the 4th quarter. Natixis Advisors LLC now owns 66,997 shares of the company's stock valued at $8,676,000 after acquiring an additional 516 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Live Nation Entertainment by 39.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,802 shares of the company's stock valued at $751,000 after acquiring an additional 1,648 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of Live Nation Entertainment by 250.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 700 shares of the company's stock valued at $91,000 after acquiring an additional 500 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Live Nation Entertainment by 8.9% during the 4th quarter. Parallel Advisors LLC now owns 5,057 shares of the company's stock valued at $655,000 after acquiring an additional 414 shares in the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

LYV stock traded down $0.12 during trading hours on Friday, hitting $150.60. 1,470,834 shares of the stock traded hands, compared to its average volume of 2,347,502. The stock has a 50-day simple moving average of $145.12 and a 200 day simple moving average of $138.09. Live Nation Entertainment, Inc. has a one year low of $87.33 and a one year high of $157.75. The company has a market cap of $34.90 billion, a P/E ratio of 51.40, a P/E/G ratio of 5.83 and a beta of 1.45. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 7.43.

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

Analysts Set New Price Targets

A number of brokerages recently commented on LYV. Guggenheim restated a "buy" rating and set a $170.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, June 18th. Sanford C. Bernstein began coverage on Live Nation Entertainment in a research note on Wednesday, June 4th. They set an "outperform" rating and a $185.00 price objective for the company. Susquehanna set a $165.00 price objective on Live Nation Entertainment and gave the stock a "positive" rating in a research note on Tuesday, June 10th. Benchmark restated a "buy" rating and set a $178.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Finally, Roth Mkm lowered their price objective on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $165.24.

Insider Buying and Selling at Live Nation Entertainment

In other news, EVP John Hopmans sold 34,808 shares of the firm's 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 completion of the sale, the executive vice president directly owned 189,456 shares of the company's stock, valued at $27,922,025.28. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.01% of the stock is owned by company insiders.

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.