Maven Securities LTD Makes New $2.28 Million Investment in Live Nation Entertainment, Inc. $LYV

Key Points

• Maven Securities acquired 12,470 shares of Live Nation Entertainment in the second quarter, valued at approximately $2.28 million. Institutional investors and hedge funds collectively own 74.52% of the company.
• Wall Street analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $197.19, above the reported share price of $170.43.
• Live Nation exceeded quarterly expectations, reporting $1.05 in earnings per share versus a $0.66 estimate and $7.67 billion in revenue, up 9.4% year over year. Separately, Chief Accounting Officer Brian Capo sold 2,900 shares for approximately $533,600.

Maven Securities LTD acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,470 shares of the company's stock, valued at approximately $2,283,000.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in Live Nation Entertainment by 3.3% during the 1st quarter. Empowered Funds LLC now owns 17,376 shares of the company's stock worth $2,269,000 after acquiring an additional 547 shares during the period. EverSource Wealth Advisors LLC grew its stake in Live Nation Entertainment by 15.8% during the second quarter. EverSource Wealth Advisors LLC now owns 798 shares of the company's stock worth $121,000 after purchasing an additional 109 shares during the period. Cerity Partners LLC grew its stake in Live Nation Entertainment by 6.0% during the second quarter. Cerity Partners LLC now owns 27,496 shares of the company's stock worth $4,160,000 after purchasing an additional 1,550 shares during the period. Daiwa Securities Group Inc. increased its holdings in Live Nation Entertainment by 15.9% in the second quarter. Daiwa Securities Group Inc. now owns 26,340 shares of the company's stock worth $3,983,000 after purchasing an additional 3,604 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Live Nation Entertainment by 344.3% in the second quarter. NewEdge Advisors LLC now owns 2,208 shares of the company's stock valued at $334,000 after buying an additional 1,711 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $205.00 price target on shares of Live Nation Entertainment in a report on Friday, July 31st. Citizens Jmp boosted their target price on shares of Live Nation Entertainment from $190.00 to $215.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 22nd. TD Cowen reissued a "buy" rating on shares of Live Nation Entertainment in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on shares of Live Nation Entertainment from $180.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Finally, Susquehanna upped their price objective on shares of Live Nation Entertainment from $186.00 to $187.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Twenty analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $197.19.

Live Nation Entertainment Stock Performance

LYV opened at $170.43 on Wednesday. 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 cap of $40.16 billion, a price-to-earnings ratio of -150.82 and a beta of 1.11. The company's fifty day moving average price is $181.25 and its two-hundred day moving average price is $168.93. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.66 by $0.39. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts expect that Live Nation Entertainment, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Live Nation Entertainment news, CAO Brian Capo sold 2,900 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was 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 approximately $1,592,520. The trade was a 25.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.89% of the company's stock.

Live Nation Entertainment Company Profile

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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