FORA Capital LLC Purchases Shares of 45,109 Live Nation Entertainment, Inc. (NYSE:LYV)

FORA Capital LLC purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 45,109 shares of the company's stock, valued at approximately $5,842,000.

A number of other large investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in shares of Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock worth $65,000 after acquiring an additional 75 shares during the period. SOA Wealth Advisors LLC. boosted its stake in Live Nation Entertainment by 19.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock valued at $65,000 after purchasing an additional 80 shares during the last quarter. Western Pacific Wealth Management LP raised its position in Live Nation Entertainment by 10.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock valued at $112,000 after buying an additional 82 shares during the last quarter. UMB Bank n.a. boosted 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 worth $69,000 after purchasing an additional 93 shares during the last quarter. Finally, Gilbert & Cook Inc. grew its position in Live Nation Entertainment by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company's stock worth $707,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Stock Up 1.4 %

LYV traded up $1.93 during trading hours on Friday, hitting $136.62. 1,256,666 shares of the company's stock were exchanged, compared to its average volume of 2,235,470. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $157.75. The firm has a market cap of $31.66 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47. The firm has a 50 day moving average of $127.81 and a 200 day moving average of $133.07.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). The firm had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.63 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company's revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LYV has been the subject of a number of recent analyst reports. Susquehanna started coverage on Live Nation Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $155.00 price objective for the company. Macquarie boosted their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. increased their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Morgan Stanley lifted their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group increased their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.07.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total value of $61,475.00. Following the transaction, the director now directly owns 52,624 shares of the company's stock, valued at approximately $6,470,120.80. The trade was a 0.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,702 shares of company stock valued at $10,497,143 in the last three months. 3.01% of the stock is currently owned by company insiders.

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.