Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Live Nation Entertainment by 60.4%, acquiring an additional 1,873 shares for a total of 4,972 shares worth approximately $649,000.
• Analyst ratings for Live Nation Entertainment indicate a consensus of "Moderate Buy", with a target price averaging around $165.82 according to recent reports.
• Live Nation shares experienced a 0.8% decline, trading at $149.28, with a significant market cap of $34.60 billion and a debt-to-equity ratio of 7.43.

XTX Topco Ltd increased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 60.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,972 shares of the company's stock after purchasing an additional 1,873 shares during the quarter. XTX Topco Ltd's holdings in Live Nation Entertainment were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Measured Risk Portfolios Inc. bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth $29,000. Wayfinding Financial LLC bought a new stake in shares of Live Nation Entertainment during the first quarter valued at approximately $30,000. Chilton Capital Management LLC purchased a new stake in Live Nation Entertainment in the 1st quarter worth $33,000. N.E.W. Advisory Services LLC purchased a new position in Live Nation Entertainment during the 1st quarter valued at approximately $42,000. Finally, GW&K Investment Management LLC raised its stake in Live Nation Entertainment by 690.2% during the first quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock valued at $42,000 after purchasing an additional 283 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Analyst Upgrades and Downgrades

LYV has been the subject of a number of recent analyst reports. Guggenheim restated a "buy" rating and set a $170.00 price objective on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Roth Mkm decreased their target price on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Susquehanna set a $165.00 price target on Live Nation Entertainment and gave the stock a "positive" rating in a research report 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 target on the stock. Finally, Morgan Stanley set a $180.00 target price on shares of Live Nation Entertainment in a report on Thursday, July 24th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.82.

Live Nation Entertainment Price Performance

LYV stock traded down $0.88 during trading on Thursday, reaching $148.41. 3,594,533 shares of the company were exchanged, compared to its average volume of 2,499,258. The company has a market cap of $34.40 billion, a P/E ratio of 50.65, a PEG ratio of 5.86 and a beta of 1.46. The company has a debt-to-equity ratio of 7.43, a quick ratio of 0.96 and a current ratio of 0.96. The stock's 50 day moving average price is $146.83 and its 200 day moving average price is $139.82. Live Nation Entertainment, Inc. has a 52-week low of $89.69 and a 52-week high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). Live Nation Entertainment had a net margin of 4.28% and a return on equity of 125.77%. During the same period in the previous year, the company earned $1.03 earnings per share. Live Nation Entertainment's quarterly revenue was up 16.3% compared to the same quarter last year. As a group, analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the firm's 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 transaction, the executive vice president directly owned 189,456 shares of the company's stock, valued at $27,922,025.28. This trade represents a 15.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.01% of the stock is owned by company insiders.

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.