Stephens Investment Management Group LLC Grows Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Stephens Investment Management Group LLC raised its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 702,744 shares of the company's stock after purchasing an additional 10,357 shares during the period. Live Nation Entertainment makes up approximately 1.3% of Stephens Investment Management Group LLC's holdings, making the stock its 22nd largest holding. Stephens Investment Management Group LLC owned approximately 0.30% of Live Nation Entertainment worth $91,764,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new stake in Live Nation Entertainment during the fourth quarter valued at 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. Murphy & Mullick Capital Management Corp purchased a new stake in Live Nation Entertainment during the fourth quarter valued at about $40,000. Finally, Private Trust Co. NA raised its position 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 in the last quarter. 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 Live Nation Entertainment stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the sale, the executive vice president directly owned 189,456 shares of the company's stock, valued at approximately $27,922,025.28. The trade was a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LYV shares. Susquehanna set a $165.00 price objective on Live Nation Entertainment and gave the company a "positive" rating in a research note on Tuesday, June 10th. Sanford C. Bernstein started coverage on Live Nation Entertainment in a research note on Wednesday, June 4th. They set an "outperform" rating and a $185.00 price objective on the stock. Rosenblatt Securities reduced their price objective on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. 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. Finally, Benchmark reaffirmed a "buy" rating and set a $178.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $165.24.

Live Nation Entertainment Stock Down 0.4%

Live Nation Entertainment stock traded down $0.55 during trading hours on Friday, hitting $143.91. 1,596,436 shares of the stock traded hands, compared to its average volume of 2,339,987. The firm's 50-day moving average price is $143.75 and its two-hundred day moving average price is $137.47. 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 company has a market cap of $33.35 billion, a PE ratio of 49.12, a PEG ratio of 5.58 and a beta of 1.45. Live Nation Entertainment, Inc. has a one year low of $87.33 and a one year high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $3.38 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

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.