Benjamin Edwards Inc. Sells 1,808 Shares of Live Nation Entertainment, Inc. $LYV

Benjamin Edwards Inc. cut its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,771 shares of the company's stock after selling 1,808 shares during the period. Benjamin Edwards Inc.'s holdings in Live Nation Entertainment were worth $754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LYV. Vanguard Group Inc. increased its holdings in shares of Live Nation Entertainment by 3.7% in the first quarter. Vanguard Group Inc. now owns 19,882,872 shares of the company's stock worth $2,596,305,000 after purchasing an additional 713,020 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Live Nation Entertainment by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 8,650,015 shares of the company's stock valued at $1,120,177,000 after buying an additional 44,703 shares in the last quarter. Principal Financial Group Inc. raised its position 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 valued at $991,952,000 after buying an additional 294,310 shares in the last quarter. Jericho Capital Asset Management L.P. raised its position in shares of Live Nation Entertainment by 32.0% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 3,208,082 shares of the company's stock valued at $415,447,000 after buying an additional 777,105 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position 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 valued at $366,195,000 after buying an additional 884,745 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Guggenheim restated a "buy" rating and set a $170.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, June 18th. Susquehanna set a $165.00 price objective on shares of Live Nation Entertainment and gave the company a "positive" rating in a research report on Tuesday, June 10th. Roth Mkm decreased their price objective on shares of Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Moffett Nathanson initiated coverage on shares of Live Nation Entertainment in a research note on Monday. They issued a "buy" rating and a $195.00 price target for the company. Finally, Oppenheimer increased their price target on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $168.94.

Live Nation Entertainment Stock Up 0.5%

Shares of NYSE:LYV traded up $0.75 during trading on Monday, reaching $161.68. 570,022 shares of the stock traded hands, compared to its average volume of 2,500,510. The stock has a 50-day moving average of $149.21 and a two-hundred day moving average of $140.61. Live Nation Entertainment, Inc. has a 52-week low of $92.57 and a 52-week high of $163.00. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $37.91 billion, a P/E ratio of 69.99, a price-to-earnings-growth ratio of 9.71 and a beta of 1.46.

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

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.