Robeco Institutional Asset Management B.V. Buys New Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Robeco Institutional Asset Management B.V. purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,827 shares of the company's stock, valued at approximately $1,153,000.

Other hedge funds also recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new stake in Live Nation Entertainment during the fourth quarter valued at $29,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Live Nation Entertainment in the fourth quarter valued at $40,000. Smartleaf Asset Management LLC raised its stake in shares of Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after acquiring an additional 75 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Live Nation Entertainment in the fourth quarter valued at $74,000. Finally, Optiver Holding B.V. raised its stake in shares of Live Nation Entertainment by 211.0% in the fourth quarter. Optiver Holding B.V. now owns 594 shares of the company's stock valued at $77,000 after acquiring an additional 403 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Roth Mkm reduced their target price on shares of 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. Susquehanna set a $165.00 target price on shares of Live Nation Entertainment and gave the company a "positive" rating in a research note on Tuesday, June 10th. Sanford C. Bernstein began coverage on shares of Live Nation Entertainment in a research note on Wednesday, June 4th. They issued an "outperform" rating and a $185.00 target price on the stock. Benchmark reaffirmed a "buy" rating and issued a $178.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Finally, Wolfe Research lifted their price objective on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, June 10th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $165.24.

Live Nation Entertainment Stock Up 0.1%

Shares of NYSE:LYV traded up $0.16 during trading on Friday, reaching $149.27. The stock had a trading volume of 925,403 shares, compared to its average volume of 2,336,666. Live Nation Entertainment, Inc. has a one year low of $87.33 and a one year high of $157.75. The company has a market capitalization of $34.60 billion, a P/E ratio of 50.95, a PEG ratio of 5.79 and a beta of 1.45. 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's 50-day simple moving average is $142.53 and its 200 day simple moving average is $137.05.

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 for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). The firm 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 firm's quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, research analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity at Live Nation Entertainment

In related news, EVP John Hopmans sold 34,808 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 189,456 shares of the company's stock, valued at $27,922,025.28. This trade represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.