UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,173 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,074,891 shares of the company's stock after selling 4,173 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.46% of Live Nation Entertainment worth $139,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its position in shares of Live Nation Entertainment by 44.5% during the 4th quarter. Park Avenue Securities LLC now owns 2,998 shares of the company's stock worth $388,000 after buying an additional 923 shares during the period. HB Wealth Management LLC purchased a new position in Live Nation Entertainment in the fourth quarter valued at about $230,000. UMB Bank n.a. grew its holdings in Live Nation Entertainment by 21.2% during the fourth quarter. UMB Bank n.a. now owns 532 shares of the company's stock valued at $69,000 after purchasing an additional 93 shares during the period. Nisa Investment Advisors LLC increased its holdings in Live Nation Entertainment by 90.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 27,456 shares of the company's stock worth $3,556,000 after acquiring an additional 13,015 shares during the last quarter. Finally, Magnus Financial Group LLC bought a new stake in shares of Live Nation Entertainment in the fourth quarter valued at approximately $210,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on LYV shares. Benchmark reissued a "buy" rating and issued a $178.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Morgan Stanley raised their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Bank of America upped their price target on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Rosenblatt Securities lowered their price objective 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. Finally, Macquarie boosted their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Live Nation Entertainment has a consensus rating of "Moderate Buy" and an average price target of $162.07.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock traded down $2.81 during trading on Wednesday, reaching $140.21. The company had a trading volume of 1,599,194 shares, compared to its average volume of 2,218,006. The firm has a market capitalization of $32.50 billion, a price-to-earnings ratio of 51.55, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47. 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 firm's 50-day simple moving average is $132.87 and its 200 day simple moving average is $135.20. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued 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 139.09% and a net margin of 3.90%. The company had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.63 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The business's quarterly revenue was down 11.0% compared to the same quarter last year. Sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Brian Capo sold 5,066 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the transaction, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. This trade represents a 32.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Hopmans sold 34,808 shares of Live Nation Entertainment stock in a transaction on Friday, May 16th. The shares were sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the completion of the sale, the executive vice president now owns 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,374 shares of company stock worth $5,815,812. Company 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.