2,236 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Bought by United Advisor Group LLC

United Advisor Group LLC bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,236 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LYV. Principal Securities Inc. increased its holdings in Live Nation Entertainment by 11.9% in the 4th quarter. Principal Securities Inc. now owns 5,701 shares of the company's stock worth $738,000 after purchasing an additional 606 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Live Nation Entertainment by 3.3% during the fourth quarter. Sanctuary Advisors LLC now owns 16,780 shares of the company's stock worth $2,173,000 after purchasing an additional 532 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Live Nation Entertainment by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 26,093 shares of the company's stock valued at $3,379,000 after buying an additional 1,177 shares during the period. Atria Wealth Solutions Inc. bought a new position in Live Nation Entertainment in the 4th quarter valued at approximately $226,000. Finally, Handelsbanken Fonder AB boosted its position in Live Nation Entertainment by 24.7% during the 4th quarter. Handelsbanken Fonder AB now owns 3,807 shares of the company's stock worth $493,000 after buying an additional 755 shares during the period. Institutional investors own 74.52% of the company's stock.

Insider Activity

In other news, EVP John Hopmans sold 34,808 shares of the company'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 completion of the sale, the executive vice president now owns 189,456 shares in the company, valued at $27,922,025.28. This represents a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.01% of the company's stock.

Live Nation Entertainment Stock Up 0.4%

Shares of LYV traded up $0.66 during trading hours on Friday, reaching $148.92. The stock had a trading volume of 6,524,635 shares, compared to its average volume of 2,350,764. The firm has a 50-day simple moving average of $138.45 and a 200 day simple moving average of $136.10. Live Nation Entertainment, Inc. has a 12 month low of $87.33 and a 12 month high of $157.75. 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 capitalization of $34.52 billion, a price-to-earnings ratio of 50.83, a P/E/G ratio of 5.90 and a beta of 1.44.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data 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). Live Nation Entertainment had a net margin of 4.28% and a return on equity of 125.77%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period last year, the business posted $0.60 earnings per share. The firm's quarterly revenue was down 11.0% on a year-over-year basis. Equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LYV shares. Wolfe Research raised their price target on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the stock a "positive" rating in a report on Tuesday, June 10th. Bank of America increased their price target on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Sanford C. Bernstein started coverage on shares of Live Nation Entertainment in a research report on Wednesday, June 4th. They set an "outperform" rating and a $185.00 target price for the company. Finally, Guggenheim restated a "buy" rating and issued a $170.00 price target on shares of Live Nation Entertainment in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Live Nation Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.24.

Live Nation Entertainment 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.