MGO One Seven LLC Makes New Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

MGO One Seven LLC purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,213 shares of the company's stock, valued at approximately $287,000.

Several other institutional investors also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Live Nation Entertainment in the 4th quarter valued at $40,000. Golden State Wealth Management LLC acquired a new stake in Live Nation Entertainment in the 4th quarter valued at approximately $42,000. Retirement Wealth Solutions LLC bought a new stake in shares of Live Nation Entertainment in the fourth quarter valued at approximately $44,000. Independence Bank of Kentucky acquired a new position in Live Nation Entertainment during the 4th quarter valued at $45,000. Finally, Morse Asset Management Inc acquired a new stake in Live Nation Entertainment in the 3rd quarter worth $42,000. 74.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on LYV. Bank of America upped their price target on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a report on Monday, February 24th. Benchmark reaffirmed a "buy" rating and set a $178.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Morgan Stanley increased 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. Roth Mkm lowered their price objective on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Susquehanna initiated 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. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Live Nation Entertainment has a consensus rating of "Moderate Buy" and an average price target of $159.13.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 195,346 shares in the company, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction 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 represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders 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 Trading Up 1.9 %

Shares of Live Nation Entertainment stock traded up $2.60 during trading on Monday, hitting $136.37. 321,138 shares of the company were exchanged, compared to its average volume of 2,229,032. The firm's fifty day moving average price is $128.41 and its 200 day moving average price is $132.50. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $31.92 billion, a P/E ratio of 50.14, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the company earned $0.60 EPS. The firm's quarterly revenue was down 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

About Live Nation Entertainment

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.