Live Nation Entertainment, Inc. $LYV Stock Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 31.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,891,959 shares of the company's stock after selling 873,002 shares during the period. Wellington Management Group LLP owned 0.80% of Live Nation Entertainment worth $346,437,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC grew its position in shares of Live Nation Entertainment by 4.9% in the 4th 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 boosted its holdings in Live Nation Entertainment by 2.1% in the second quarter. Vident Advisory LLC now owns 3,622 shares of the company's stock worth $548,000 after purchasing an additional 75 shares during the period. Prairie Wealth Advisors Inc. lifted its position in shares of Live Nation Entertainment by 5.0% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company's stock worth $272,000 after buying an additional 80 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings 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 valued at $972,000 after buying an additional 82 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in Live Nation Entertainment by 37.4% in the fourth quarter. Root Financial Partners LLC now owns 312 shares of the company's stock worth $44,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 74.52% of the company's stock.

Analyst Upgrades and Downgrades

LYV has been the topic of several recent research reports. Citizens Jmp raised their price target on Live Nation Entertainment from $190.00 to $215.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $205.00 price target on shares of Live Nation Entertainment in a report on Friday, July 31st. The Goldman Sachs Group boosted their target price on shares of Live Nation Entertainment from $192.00 to $202.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Sanford C. Bernstein boosted their price objective on Live Nation Entertainment from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Finally, Zacks Research upgraded Live Nation Entertainment from a "strong sell" rating to a "hold" rating in a research report on Monday, August 17th. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $197.19.

Insider Buying and Selling

In related news, CAO Brian Capo sold 2,900 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.00, for a total transaction of $533,600.00. Following the completion of the sale, the chief accounting officer directly owned 8,655 shares of the company's stock, valued at $1,592,520. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.89% of the stock is currently owned by corporate insiders.

Live Nation Entertainment Stock Performance

LYV opened at $180.84 on Monday. Live Nation Entertainment, Inc. has a 1-year low of $125.34 and a 1-year high of $189.24. The company has a market capitalization of $42.61 billion, a price-to-earnings ratio of -160.04 and a beta of 1.12. The business has a 50 day moving average price of $181.24 and a two-hundred day moving average price of $167.90. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85.

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

About Live Nation Entertainment

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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