DigitalBridge Group Inc. Sells 23,835 Shares of Live Nation Entertainment, Inc. $LYV

Key Points

• DigitalBridge Group Inc. sold 23,835 shares of Live Nation in Q3, trimming its stake by 9.5% to 226,719 shares (about $37.05M), making LYV its 15th-largest position and ~2.9% of DigitalBridge's holdings.
• Sell‑side sentiment is positive: the stock has a consensus rating of "Moderate Buy" with an average price target of $184.40, and multiple firms (Wolfe, Oppenheimer, JPMorgan) recently raised targets or reiterated outperform/overweight views.
• Latest quarter showed a mixed result—Live Nation missed EPS at ($1.06) versus ($1.00) expected but beat revenue at $6.31B (+11.1% YoY); the company carries a market cap of ~$36.6B and a high debt‑to‑equity ratio (~8.51).

DigitalBridge Group Inc. trimmed its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,719 shares of the company's stock after selling 23,835 shares during the period. Live Nation Entertainment accounts for approximately 2.9% of DigitalBridge Group Inc.'s holdings, making the stock its 15th largest position. DigitalBridge Group Inc. owned about 0.10% of Live Nation Entertainment worth $37,046,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LYV. Ameriflex Group Inc. lifted its stake in shares of Live Nation Entertainment by 102.4% in the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company's stock valued at $27,000 after purchasing an additional 84 shares during the last quarter. Atwood & Palmer Inc. bought a new position in Live Nation Entertainment during the third quarter valued at about $33,000. Heartwood Wealth Advisors LLC bought a new position in Live Nation Entertainment during the third quarter valued at about $34,000. Measured Risk Portfolios Inc. bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $37,000. Finally, Root Financial Partners LLC acquired a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 74.52% of the company's stock.

Wall Street Analysts Forecast Growth

LYV has been the subject of several analyst reports. Wolfe Research boosted their target price on Live Nation Entertainment from $175.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. Oppenheimer reissued an "outperform" rating and issued a $190.00 price target on shares of Live Nation Entertainment in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their price objective on shares of Live Nation Entertainment from $170.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 20th. Jefferies Financial Group reiterated a "hold" rating on shares of Live Nation Entertainment in a research note on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Live Nation Entertainment from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $184.40.

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 944 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $165.87, for a total value of $156,581.28. Following the completion of the transaction, the director owned 48,030 shares of the company's stock, valued at $7,966,736.10. This represents a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.72% of the stock is currently owned by company insiders.

Live Nation Entertainment Stock Down 0.8%

LYV opened at $155.81 on Wednesday. The business has a 50 day moving average of $151.79 and a 200-day moving average of $150.05. The stock has a market capitalization of $36.59 billion, a price-to-earnings ratio of -649.22 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51. Live Nation Entertainment, Inc. has a 1-year low of $113.20 and a 1-year high of $175.25.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.00) by ($0.06). Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period last year, the firm posted $0.58 EPS. The company's revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Live Nation Entertainment Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company's core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry's largest ticketing platforms.

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