Jupiter Topco LLC Takes $1.89 Million Position in Live Nation Entertainment, Inc. $LYV

Jupiter Topco LLC purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,306 shares of the company's stock, valued at approximately $1,887,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC boosted its holdings in Live Nation Entertainment by 4.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,602 shares of the company's stock worth $228,000 after acquiring an additional 75 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of Live Nation Entertainment by 2.1% during the second quarter. Vident Advisory LLC now owns 3,622 shares of the company's stock valued at $548,000 after acquiring an additional 75 shares in the last quarter. Prairie Wealth Advisors Inc. increased its holdings in shares of Live Nation Entertainment by 5.0% during the third quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company's stock valued at $272,000 after acquiring an additional 80 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in shares of Live Nation Entertainment by 1.2% in the 4th quarter. Sumitomo Life Insurance Co. now owns 6,821 shares of the company's stock worth $972,000 after purchasing an additional 82 shares during the last quarter. Finally, Root Financial Partners LLC boosted its stake in Live Nation Entertainment by 37.4% in the 4th quarter. Root Financial Partners LLC now owns 312 shares of the company's stock worth $44,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on LYV. Wells Fargo & Company increased their price objective on shares of Live Nation Entertainment from $199.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Oppenheimer set a $100.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, July 28th. Roth Capital set a $208.00 price target on shares of Live Nation Entertainment in a report on Friday, July 31st. TD Cowen reissued a "buy" rating on shares of Live Nation Entertainment in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $205.00 price objective on shares of Live Nation Entertainment in a report on Friday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Live Nation Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $197.19.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $177.38 on Friday. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $41.80 billion, a price-to-earnings ratio of -156.97 and a beta of 1.11. The business has a 50-day simple moving average of $181.80 and a two-hundred day simple moving average of $168.61. Live Nation Entertainment, Inc. has a fifty-two week low of $125.34 and a fifty-two week high of $189.24.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.39. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter last year, the firm posted $0.41 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Live Nation Entertainment, Inc. will post 1.05 earnings per share for the current year.

Insider Transactions at Live Nation Entertainment

In related news, CAO Brian Capo sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.00, for a total value of $533,600.00. Following the sale, the chief accounting officer owned 8,655 shares in the company, valued at approximately $1,592,520. This trade represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.89% of the company's stock.

Live Nation Entertainment Company 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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