Private Advisor Group LLC Buys 2,639 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Private Advisor Group LLC boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 150.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,388 shares of the company's stock after purchasing an additional 2,639 shares during the quarter. Private Advisor Group LLC's holdings in Live Nation Entertainment were worth $573,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment in the 4th quarter worth about $29,000. Wayfinding Financial LLC purchased a new stake in Live Nation Entertainment during the first quarter valued at about $30,000. Chilton Capital Management LLC purchased a new stake in Live Nation Entertainment during the first quarter valued at about $33,000. Private Trust Co. NA lifted its holdings in Live Nation Entertainment by 94.2% during the first quarter. Private Trust Co. NA now owns 404 shares of the company's stock valued at $53,000 after purchasing an additional 196 shares during the last quarter. Finally, Optiver Holding B.V. lifted its holdings in Live Nation Entertainment by 211.0% during the fourth 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 last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Trading Down 1.0%

Shares of NYSE:LYV traded down $1.53 during trading on Friday, reaching $146.17. 1,725,926 shares of the company traded hands, compared to its average volume of 2,502,545. The firm has a market capitalization of $33.88 billion, a price-to-earnings ratio of 49.89, a P/E/G ratio of 5.92 and a beta of 1.45. Live Nation Entertainment, Inc. has a 52-week low of $87.33 and a 52-week 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 business's fifty day moving average is $146.35 and its 200-day moving average is $139.39.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.63 billion. During the same period in the previous year, the business earned $0.60 EPS. The business's revenue was down 11.0% compared to the same quarter last year. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities decreased their price target on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wolfe Research upped their price objective on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a research report on Thursday, July 24th. Guggenheim restated a "buy" rating and issued a $170.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, June 18th. Finally, Susquehanna set a $165.00 price objective on shares of Live Nation Entertainment and gave the stock a "positive" rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $165.82.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the stock in a transaction on 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 owned 189,456 shares in the company, valued at approximately $27,922,025.28. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.01% of the stock is owned by insiders.

Live Nation Entertainment Company 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.