Jump Financial LLC Has $201,000 Stock Holdings in Live Nation Entertainment, Inc. $LYV

Key Points

• Jump Financial LLC has drastically reduced its holdings in Live Nation Entertainment, Inc. by 83.0%, owning only 1,538 shares after selling 7,520 during the first quarter.
• Live Nation's stock has a market capitalization of $38.15 billion with a current 52-week high of $167.94 and a low of $92.57.
• Despite missing earnings estimates with $0.41 EPS against a projected $1.08, the company's revenue of $7.01 billion surpassed expectations, showing a year-over-year increase of 16.3%.

Jump Financial LLC reduced its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 83.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,538 shares of the company's stock after selling 7,520 shares during the quarter. Jump Financial LLC's holdings in Live Nation Entertainment were worth $201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Live Nation Entertainment by 3.7% during the first quarter. Vanguard Group Inc. now owns 19,882,872 shares of the company's stock worth $2,596,305,000 after buying an additional 713,020 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Live Nation Entertainment by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 7,596,509 shares of the company's stock worth $991,952,000 after purchasing an additional 294,310 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Live Nation Entertainment by 46.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,804,375 shares of the company's stock worth $366,195,000 after purchasing an additional 884,745 shares in the last quarter. Groupama Asset Managment lifted its position in Live Nation Entertainment by 0.3% in the first quarter. Groupama Asset Managment now owns 2,006,693 shares of the company's stock worth $2,896,000 after purchasing an additional 6,693 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Live Nation Entertainment by 83.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,588,983 shares of the company's stock worth $207,490,000 after buying an additional 723,112 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock traded up $0.29 during trading on Friday, reaching $163.27. The company's stock had a trading volume of 1,244,560 shares, compared to its average volume of 1,943,919. The stock has a 50-day moving average price of $154.84 and a two-hundred day moving average price of $142.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a one year low of $92.57 and a one year high of $167.94. The stock has a market capitalization of $38.28 billion, a P/E ratio of 70.68, a price-to-earnings-growth ratio of 11.02 and a beta of 1.42.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business's quarterly revenue was up 16.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LYV. Wolfe Research boosted their price target on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, June 10th. Guggenheim reissued a "buy" rating and issued a $170.00 price target on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Oppenheimer boosted their price target on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Morgan Stanley set a $180.00 price target on shares of Live Nation Entertainment in a report on Thursday, July 24th. Finally, Benchmark boosted their price target on shares of Live Nation Entertainment from $178.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 8th. Eighteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $168.94.

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.