55,974 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Acquired by Woodline Partners LP

Woodline Partners LP bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 55,974 shares of the company's stock, valued at approximately $7,249,000.

Other institutional investors have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new stake in shares of Live Nation Entertainment in the 4th quarter worth about $29,000. Murphy & Mullick Capital Management Corp bought a new stake in Live Nation Entertainment during the 4th quarter valued at about $40,000. Golden State Wealth Management LLC bought a new position in Live Nation Entertainment in the 4th quarter valued at approximately $42,000. Independence Bank of Kentucky purchased a new position in Live Nation Entertainment in the 4th quarter worth about $45,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Live Nation Entertainment in the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now owns 189,456 shares in the company, valued at approximately $27,922,025.28. The trade was a 15.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Brian Capo sold 5,066 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,374 shares of company stock worth $5,815,812. Insiders own 3.01% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Rosenblatt Securities decreased their price target on shares of 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. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. The Goldman Sachs Group upped their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Bank of America increased their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Morgan Stanley lifted their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.07.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV traded down $1.94 during midday trading on Tuesday, hitting $143.07. 1,792,991 shares of the stock were exchanged, compared to its average volume of 2,220,458. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. 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 50 day moving average price of $132.45 and a 200-day moving average price of $135.14. The stock has a market cap of $33.16 billion, a P/E ratio of 52.60, a PEG ratio of 1.81 and a beta of 1.47.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS 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 firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business's revenue was down 11.0% compared to the same quarter last year. On average, research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

About Live Nation Entertainment

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.