9,933 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,933 shares of the company's stock, valued at approximately $1,286,000.

A number of other large investors have also modified their holdings of the stock. Principal Financial Group Inc. grew its position in Live Nation Entertainment by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock valued at $787,950,000 after acquiring an additional 87,032 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $38,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $499,000. Tidal Investments LLC increased its position in shares of Live Nation Entertainment by 10.7% in the 3rd quarter. Tidal Investments LLC now owns 24,668 shares of the company's stock worth $2,701,000 after purchasing an additional 2,386 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in Live Nation Entertainment by 8.6% in the third quarter. Retirement Systems of Alabama now owns 34,119 shares of the company's stock worth $3,736,000 after purchasing an additional 2,697 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LYV shares. Rosenblatt Securities lowered their price objective on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research report on Friday. Bank of America raised their price target on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Susquehanna assumed coverage on Live Nation Entertainment in a research note on Monday, April 28th. They set a "positive" rating and a $155.00 price objective for the company. Benchmark reissued a "buy" rating and set a $178.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Finally, Macquarie increased their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.13.

Insider Buying and Selling at Live Nation Entertainment

In other news, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at $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 available at this link. Also, Director Jeffrey T. Hinson sold 500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the completion of the sale, the director now owns 52,624 shares of the company's stock, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,702 shares of company stock valued at $10,497,143. Corporate insiders own 2.72% of the company's stock.

Live Nation Entertainment Price Performance

NYSE:LYV traded down $1.84 during midday trading on Tuesday, hitting $134.28. 1,499,996 shares of the stock were exchanged, compared to its average volume of 2,236,445. The business has a 50-day moving average price of $128.29 and a two-hundred day moving average price of $132.64. 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 market capitalization of $31.43 billion, a price-to-earnings ratio of 49.37, a P/E/G ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted 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). 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 during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the firm posted $0.60 EPS. The firm's quarterly revenue was down 11.0% on a year-over-year basis. Sell-side analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

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.