Live Nation Entertainment, Inc. $LYV Shares Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management cut its Live Nation stake by 78.9% in Q4, selling 264,739 shares and now holding 70,731 shares worth about $10.08 million.
• Live Nation reported Q4 EPS of ($1.06) versus ($1.00) expected while revenue beat at $6.31 billion (up 11.1% YoY), and analysts retain a “Moderate Buy” consensus with an average target near $187.
• The company launched a broad $30 ticket promotion and will present at investor conferences to boost visibility, but analysts warn higher Venue Nation costs could compress margins ahead of the May 5 Q1 report.

Pictet Asset Management Holding SA cut its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 78.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,731 shares of the company's stock after selling 264,739 shares during the quarter. Pictet Asset Management Holding SA's holdings in Live Nation Entertainment were worth $10,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYV. Empowered Funds LLC boosted its position in Live Nation Entertainment by 3.3% during the first quarter. Empowered Funds LLC now owns 17,376 shares of the company's stock worth $2,269,000 after acquiring an additional 547 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Live Nation Entertainment by 15.8% during the second quarter. EverSource Wealth Advisors LLC now owns 798 shares of the company's stock worth $121,000 after acquiring an additional 109 shares during the last quarter. Cerity Partners LLC boosted its position in Live Nation Entertainment by 6.0% during the second quarter. Cerity Partners LLC now owns 27,496 shares of the company's stock worth $4,160,000 after acquiring an additional 1,550 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Live Nation Entertainment by 15.9% during the second quarter. Daiwa Securities Group Inc. now owns 26,340 shares of the company's stock worth $3,983,000 after acquiring an additional 3,604 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Live Nation Entertainment by 344.3% during the second quarter. NewEdge Advisors LLC now owns 2,208 shares of the company's stock worth $334,000 after acquiring an additional 1,711 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment News Roundup

Here are the key news stories impacting Live Nation Entertainment this week:

• Positive Sentiment: Management will present at MoffettNathanson and J.P. Morgan conferences in May, improving investor access to management’s outlook and potentially reducing uncertainty ahead of Q1 results. Read More.
• Positive Sentiment: Live Nation launched a broad $30 ticket promotion across multiple markets — a demand stimulus that can boost attendance, market share and near-term revenue growth as the summer touring season ramps. Local and national coverage highlights scale of the campaign. Read More.
• Neutral Sentiment: Zacks previews key operating metrics for LYV’s Q1 (ending March) to give investors deeper context beyond headline EPS/revenue — useful for modeling but not directional by itself. Read More.
• Neutral Sentiment: Analyst/market commentary asks whether LYV’s multi‑year share gains leave upside limited — helpful framing for valuation discussions but not immediate company-specific news. Read More.
• Negative Sentiment: Zacks warns that while revenue is expected to rise (~6.1% for Q1), higher Venue Nation costs could compress margins — a near-term earnings risk investors must watch when LYV reports on May 5. Read More.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock opened at $158.23 on Friday. The company's 50 day simple moving average is $157.30 and its 200-day simple moving average is $148.54. The company has a debt-to-equity ratio of 8.51, a quick ratio of 1.00 and a current ratio of 1.00. Live Nation Entertainment, Inc. has a 1 year low of $125.34 and a 1 year high of $175.25. The company has a market capitalization of $37.20 billion, a price-to-earnings ratio of -659.27 and a beta of 1.11.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The business's revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts expect that Live Nation Entertainment, Inc. will post 1.39 earnings per share for the current year.

Insider Activity at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 944 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total value of $156,581.28. Following the transaction, the director directly owned 48,030 shares in the company, valued at approximately $7,966,736.10. This represents a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on LYV shares. Susquehanna reduced their target price on shares of Live Nation Entertainment from $183.00 to $180.00 and set a "positive" rating on the stock in a research note on Thursday, April 16th. Bank of America lifted their target price on shares of Live Nation Entertainment from $170.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Guggenheim lifted their target price on shares of Live Nation Entertainment from $180.00 to $192.00 and gave the stock a "buy" rating in a research note on Monday, April 6th. Roth Mkm reaffirmed a "buy" rating and set a $190.00 target price on shares of Live Nation Entertainment in a research note on Friday, February 20th. Finally, Zacks Research downgraded shares of Live Nation Entertainment from a "hold" rating to a "strong sell" rating in a research note on Friday, January 16th. Twenty research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $187.10.

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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