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

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

Several other institutional investors and hedge funds have also bought and sold shares of LYV. Illinois Municipal Retirement Fund acquired a new position in Live Nation Entertainment during the first quarter valued at $720,000. Transcend Capital Advisors LLC acquired a new stake in Live Nation Entertainment during the first quarter valued at $281,000. Robeco Institutional Asset Management B.V. purchased a new position in Live Nation Entertainment in the first quarter valued at $1,153,000. Sequoia Financial Advisors LLC raised its position in shares of Live Nation Entertainment by 7.9% in the first quarter. Sequoia Financial Advisors LLC now owns 2,831 shares of the company's stock worth $370,000 after acquiring an additional 207 shares during the period. Finally, Golden State Wealth Management LLC grew its position in shares of Live Nation Entertainment by 120.9% during the 1st quarter. Golden State Wealth Management LLC now owns 709 shares of the company's stock valued at $93,000 after acquiring an additional 388 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of Live Nation Entertainment stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $147.38, for a total value of $5,130,003.04. Following the completion of the transaction, the executive vice president directly owned 189,456 shares of the company's stock, valued at $27,922,025.28. The trade was a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Guggenheim reaffirmed a "buy" rating and issued a $170.00 price target on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Sanford C. Bernstein began coverage on Live Nation Entertainment in a research report on Wednesday, June 4th. They set an "outperform" rating and a $185.00 target price on the stock. Susquehanna set a $165.00 price target on shares of Live Nation Entertainment and gave the stock a "positive" rating in a report on Tuesday, June 10th. Rosenblatt Securities decreased their price objective on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Macquarie boosted their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Live Nation Entertainment currently has an average rating of "Moderate Buy" and a consensus price target of $165.24.

Live Nation Entertainment Trading Up 0.1%

Shares of Live Nation Entertainment stock traded up $0.16 during trading hours on Thursday, hitting $149.27. The company's stock had a trading volume of 925,403 shares, compared to its average volume of 2,332,447. The stock has a market cap of $34.60 billion, a price-to-earnings ratio of 50.95, a P/E/G ratio of 5.81 and a beta of 1.45. 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 twelve month low of $87.33 and a twelve month high of $157.75. The firm has a fifty day moving average of $141.88 and a 200-day moving average of $136.86.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $3.63 billion. During the same period last year, the business earned $0.60 EPS. The company's quarterly revenue was down 11.0% compared to the same quarter last year. Research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

About Live Nation Entertainment

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.