6,424 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,424 shares of the company's stock, valued at approximately $832,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC grew its stake in Live Nation Entertainment by 14.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,346 shares of the company's stock worth $304,000 after acquiring an additional 297 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Live Nation Entertainment by 13.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,148 shares of the company's stock worth $4,422,000 after purchasing an additional 4,154 shares in the last quarter. Park Avenue Securities LLC grew its stake in Live Nation Entertainment by 44.5% in the fourth quarter. Park Avenue Securities LLC now owns 2,998 shares of the company's stock worth $388,000 after purchasing an additional 923 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Live Nation Entertainment during the 4th quarter worth $310,000. Finally, Empirical Asset Management LLC bought a new stake in Live Nation Entertainment during the 4th quarter valued at $925,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Stock Down 0.8%

Shares of LYV stock traded down $1.21 during trading hours on Friday, reaching $143.22. 589,852 shares of the company's stock were exchanged, compared to its average volume of 2,404,087. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The stock's 50 day moving average is $131.48 and its 200-day moving average is $134.66. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a market cap of $33.19 billion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 1.81 and a beta of 1.47.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The business had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.63 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm's quarterly revenue was down 11.0% compared to the same quarter last year. Analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on LYV shares. Macquarie raised their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Roth Mkm dropped 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 report on Friday, May 2nd. Rosenblatt Securities reduced 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 report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Live Nation Entertainment currently has an average rating of "Moderate Buy" and a consensus target price of $162.07.

Insider Transactions at Live Nation Entertainment

In related news, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the transaction, the executive vice president now directly owns 195,346 shares of the company's stock, valued at $30,356,768.40. This represents a 24.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the sale, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. This represents a 32.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,510 shares of company stock worth $15,627,146. Insiders own 3.01% of the company's stock.

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.