Vontobel Holding Ltd. Acquires 2,745 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Vontobel Holding Ltd. boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 36.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,323 shares of the company's stock after acquiring an additional 2,745 shares during the period. Vontobel Holding Ltd.'s holdings in Live Nation Entertainment were worth $1,348,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LYV. Sanford C. Bernstein initiated coverage on shares of Live Nation Entertainment in a report on Wednesday, June 4th. They set an "outperform" rating and a $185.00 price objective on the stock. Guggenheim restated a "buy" rating and set a $170.00 price target on shares of Live Nation Entertainment in a research note on Wednesday, June 18th. Benchmark reiterated a "buy" rating and issued a $178.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Roth Mkm lowered their price objective 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. Finally, Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the company a "positive" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.24.

Live Nation Entertainment Price Performance

NYSE LYV traded up $0.16 during trading hours on Friday, reaching $149.27. 925,403 shares of the company's stock were exchanged, compared to its average volume of 2,333,807. The firm has a fifty day moving average of $142.53 and a 200-day moving average of $137.02. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 7.43. Live Nation Entertainment, Inc. has a one year low of $87.33 and a one year high of $157.75. The stock has a market cap of $34.60 billion, a PE ratio of 50.95, a price-to-earnings-growth ratio of 5.79 and a beta of 1.45.

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

Insider Buying and Selling at Live Nation Entertainment

In other news, EVP John Hopmans sold 34,808 shares of the company's stock in a transaction 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 represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.01% of the stock is currently owned by corporate 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.