Live Nation Entertainment, Inc. (NYSE:LYV) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,954 shares of the company's stock after buying an additional 2,819 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Live Nation Entertainment were worth $3,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LYV. Measured Risk Portfolios Inc. acquired a new position in Live Nation Entertainment in the 4th quarter valued at $29,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Live Nation Entertainment in the fourth quarter valued at $40,000. Smartleaf Asset Management LLC increased its stake in Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after purchasing an additional 75 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Live Nation Entertainment in the fourth quarter valued at $74,000. Finally, Optiver Holding B.V. lifted its position in Live Nation Entertainment by 211.0% during the fourth quarter. Optiver Holding B.V. now owns 594 shares of the company's stock worth $77,000 after buying an additional 403 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Rosenblatt Securities dropped their price objective on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Guggenheim reaffirmed a "buy" rating and set a $170.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, June 18th. Sanford C. Bernstein started coverage on shares of Live Nation Entertainment in a report on Wednesday, June 4th. They issued an "outperform" rating and a $185.00 price target on the stock. Benchmark restated a "buy" rating and set a $178.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Finally, Roth Mkm cut their target price on 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. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.24.

Live Nation Entertainment Stock Up 0.1%

Shares of LYV stock traded up $0.16 during mid-day trading on Friday, reaching $149.27. 925,403 shares of the company were exchanged, compared to its average volume of 2,336,666. The company has a market capitalization of $34.60 billion, a P/E ratio of 50.95, a P/E/G ratio of 5.79 and a beta of 1.45. The business's 50 day simple moving average is $142.53 and its 200 day simple moving average is $137.05. The company has a debt-to-equity ratio of 7.43, a quick ratio of 0.96 and a current ratio of 0.96. Live Nation Entertainment, Inc. has a fifty-two week low of $87.33 and a fifty-two week high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). Live Nation Entertainment had a return on equity of 125.77% and a net margin of 4.28%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the firm posted $0.60 EPS. Live Nation Entertainment's revenue for the quarter was down 11.0% on a year-over-year basis. Research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the transaction, the executive vice president owned 189,456 shares of the company's stock, valued at $27,922,025.28. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.01% of the stock is owned by insiders.

Live Nation Entertainment 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.