BI Asset Management Fondsmaeglerselskab A S Has $1.72 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 123.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,260 shares of the company's stock after acquiring an additional 7,317 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Live Nation Entertainment were worth $1,717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LYV. Independent Franchise Partners LLP raised its position in shares of Live Nation Entertainment by 207.6% during the fourth quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company's stock worth $607,871,000 after acquiring an additional 3,168,210 shares during the last quarter. Groupama Asset Managment bought a new stake in Live Nation Entertainment in the fourth quarter valued at about $259,000,000. Norges Bank bought a new stake in Live Nation Entertainment in the fourth quarter valued at about $255,955,000. Capital World Investors increased its holdings in Live Nation Entertainment by 54.2% in the fourth quarter. Capital World Investors now owns 1,707,284 shares of the company's stock valued at $221,093,000 after purchasing an additional 599,784 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Live Nation Entertainment by 34.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,919,630 shares of the company's stock valued at $248,592,000 after purchasing an additional 496,202 shares during the last quarter. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Stock Up 0.2 %

NYSE LYV traded up $0.23 during trading hours on Friday, hitting $132.95. 1,277,513 shares of the company traded hands, compared to its average volume of 2,244,059. The business's 50-day moving average is $130.21 and its 200-day moving average is $131.88. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $31.03 billion, a price-to-earnings ratio of 48.88, a P/E/G ratio of 1.81 and a beta of 1.31.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.67 billion. Sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on LYV. Rosenblatt Securities reiterated a "buy" rating and issued a $174.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Morgan Stanley upped their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Benchmark reissued a "buy" rating and issued a $178.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Macquarie boosted their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Live Nation Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $160.33.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the sale, the executive vice president now owns 195,346 shares in the company, valued at $30,356,768.40. This represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 value of $61,475.00. Following the completion of the sale, the director now owns 52,624 shares in the company, valued at $6,470,120.80. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,702 shares of company stock valued at $10,497,143. Insiders own 2.72% of the company's stock.

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.