Ritholtz Wealth Management Has $720,000 Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Ritholtz Wealth Management lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 130.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,516 shares of the company's stock after purchasing an additional 3,119 shares during the quarter. Ritholtz Wealth Management's holdings in Live Nation Entertainment were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LYV. Amundi grew its position in Live Nation Entertainment by 3.7% in the fourth quarter. Amundi now owns 1,089,290 shares of the company's stock valued at $141,945,000 after acquiring an additional 39,302 shares during the period. Wealthfront Advisers LLC lifted its holdings in Live Nation Entertainment by 595.3% in the fourth quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company's stock valued at $5,140,000 after buying an additional 33,980 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of Live Nation Entertainment in the 4th quarter worth $226,000. Aviva PLC boosted its holdings in Live Nation Entertainment by 1,524.1% during the fourth quarter. Aviva PLC now owns 97,057 shares of the company's stock worth $12,569,000 after buying an additional 91,081 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Live Nation Entertainment by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,019,988 shares of the company's stock worth $132,088,000 after acquiring an additional 48,949 shares during the last quarter. Institutional investors own 74.52% of the company's stock.

Insider Activity

In related news, EVP John Hopmans sold 34,808 shares of the business's stock in a transaction on 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 sale, the executive vice president now owns 189,456 shares of the company's stock, valued at $27,922,025.28. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.01% of the stock is owned by corporate insiders.

Live Nation Entertainment Price Performance

LYV stock opened at $148.13 on Thursday. The company's 50-day moving average price is $137.68 and its two-hundred day moving average price is $135.95. The firm has a market cap of $34.33 billion, a P/E ratio of 50.56, a P/E/G ratio of 5.77 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 7.43. Live Nation Entertainment, Inc. has a 12 month low of $87.33 and a 12 month high of $157.75.

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 (EPS) 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 the consensus estimate of $3.63 billion. Live Nation Entertainment had a net margin of 4.28% and a return on equity of 125.77%. The business's revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LYV shares. JPMorgan Chase & Co. boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Guggenheim reaffirmed a "buy" rating and issued a $170.00 target price on shares of Live Nation Entertainment in a research report on Wednesday. Rosenblatt Securities cut their price target on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Susquehanna set a $165.00 price objective on Live Nation Entertainment and gave the company a "positive" rating in a research report on Tuesday, June 10th. Finally, Roth Mkm reduced their target price on shares of Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $165.24.

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.

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