Kapitalo Investimentos Ltda Invests $517,000 in Live Nation Entertainment, Inc. (NYSE:LYV)

Kapitalo Investimentos Ltda purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,989 shares of the company's stock, valued at approximately $517,000. Live Nation Entertainment accounts for approximately 0.3% of Kapitalo Investimentos Ltda's holdings, making the stock its 20th biggest holding.

Other large investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Live Nation Entertainment during the fourth quarter worth about $40,000. Golden State Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at approximately $42,000. Retirement Wealth Solutions LLC acquired a new position in Live Nation Entertainment during the fourth quarter worth $44,000. Independence Bank of Kentucky bought a new position in Live Nation Entertainment in the fourth quarter valued at $45,000. Finally, Morse Asset Management Inc bought a new stake in Live Nation Entertainment during the 3rd quarter worth about $42,000. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

NYSE LYV traded up $2.77 during midday trading on Friday, hitting $134.11. The company had a trading volume of 3,356,734 shares, compared to its average volume of 2,236,462. The company has a market capitalization of $31.39 billion, a PE ratio of 49.31, a P/E/G ratio of 1.81 and a beta of 1.47. 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 firm has a 50-day moving average price of $128.41 and a 200-day moving average price of $132.37.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (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 for the quarter, compared to analyst estimates of $3.63 billion. The company's quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. As a group, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LYV shares. Rosenblatt Securities dropped their target price on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a report on Friday. Bank of America increased their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a report on Monday, February 24th. Morgan Stanley upped their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Benchmark reiterated a "buy" rating and issued a $178.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Live Nation Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $159.13.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian Capo sold 5,066 shares of the company's 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 completion of the transaction, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at $1,300,058.76. This represents a 32.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,702 shares of company stock valued at $10,497,143. 2.72% of the stock is currently owned by corporate 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.