Personal CFO Solutions LLC Takes Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Personal CFO Solutions LLC acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,119 shares of the company's stock, valued at approximately $277,000.

A number of other large investors also recently modified their holdings of LYV. Robeco Institutional Asset Management B.V. purchased a new position in Live Nation Entertainment during the first quarter valued at $1,153,000. Praxis Investment Management Inc. boosted its holdings in shares of Live Nation Entertainment by 45.2% during the 1st quarter. Praxis Investment Management Inc. now owns 5,560 shares of the company's stock valued at $726,000 after purchasing an additional 1,730 shares during the last quarter. Highland Capital Management LLC purchased a new position in shares of Live Nation Entertainment during the first quarter valued at about $1,170,000. Wealthfront Advisers LLC increased its holdings in shares of Live Nation Entertainment by 595.3% in the fourth quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company's stock worth $5,140,000 after purchasing an additional 33,980 shares during the last quarter. Finally, Transcend Capital Advisors LLC purchased a new stake in shares of Live Nation Entertainment in the first quarter worth about $281,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

Insiders Place Their Bets

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $147.38, for a total value of $5,130,003.04. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LYV has been the topic of a number of research reports. Roth Mkm reduced their price objective on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $178.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Sanford C. Bernstein assumed coverage on shares of Live Nation Entertainment in a research report on Wednesday, June 4th. They set an "outperform" rating and a $185.00 price objective for the company. Rosenblatt Securities reduced their target price 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, 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. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, Live Nation Entertainment has a consensus rating of "Moderate Buy" and an average target price of $165.24.

Live Nation Entertainment Trading Down 0.4%

Shares of NYSE LYV traded down $0.55 during midday trading on Friday, hitting $143.91. The company's stock had a trading volume of 1,596,436 shares, compared to its average volume of 2,343,629. Live Nation Entertainment, Inc. has a 12-month low of $87.33 and a 12-month high of $157.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 7.43. The firm has a market cap of $33.35 billion, a P/E ratio of 49.12, a price-to-earnings-growth ratio of 5.60 and a beta of 1.45. The business's 50 day moving average is $143.75 and its two-hundred day moving average is $137.44.

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 analysts' consensus estimates of ($0.03) by ($0.29). The business had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.63 billion. Live Nation Entertainment had a return on equity of 125.77% and a net margin of 4.28%. The business's revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. As a group, equities research analysts expect 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.