IFM Investors Pty Ltd Purchases 2,074 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

IFM Investors Pty Ltd grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,486 shares of the company's stock after purchasing an additional 2,074 shares during the period. IFM Investors Pty Ltd's holdings in Live Nation Entertainment were worth $3,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of Live Nation Entertainment by 17.9% during the fourth 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 period. Utah Retirement Systems boosted its position in Live Nation Entertainment by 0.4% during 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 in the last quarter. Mather Group LLC. boosted its position in Live Nation Entertainment by 6.7% during the first quarter. Mather Group LLC. now owns 1,724 shares of the company's stock valued at $225,000 after purchasing an additional 108 shares in the last quarter. BTC Capital Management Inc. boosted its position in Live Nation Entertainment by 2.7% during the first quarter. BTC Capital Management Inc. now owns 4,475 shares of the company's stock valued at $584,000 after purchasing an additional 117 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in Live Nation Entertainment by 0.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,408 shares of the company's stock worth $2,559,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Sanford C. Bernstein started coverage on Live Nation Entertainment in a report on Wednesday, June 4th. They set an "outperform" rating and a $185.00 target price for the company. Benchmark restated a "buy" rating and issued a $178.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Wolfe Research lifted their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the stock 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 company a "positive" rating in a research report on Tuesday, June 10th. Finally, Rosenblatt Securities lowered their price objective on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $165.24.

Live Nation Entertainment Stock Down 1.9%

Shares of LYV traded down $2.79 during mid-day trading on Tuesday, reaching $144.60. The company's stock had a trading volume of 2,020,505 shares, compared to its average volume of 2,336,506. The business has a fifty day moving average of $142.82 and a 200 day moving average of $137.18. The company has a market cap of $33.51 billion, a price-to-earnings ratio of 49.35, a price-to-earnings-growth ratio of 5.79 and a beta of 1.45. Live Nation Entertainment, Inc. has a 1 year low of $87.33 and a 1 year high of $157.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 7.43.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results 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 company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the business earned $0.60 earnings per share. Live Nation Entertainment's quarterly revenue was down 11.0% on a year-over-year basis. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were 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 owned 189,456 shares in the company, valued at $27,922,025.28. This trade represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.72% 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.