Live Nation Entertainment, Inc. (NYSE:LYV) Stock Holdings Boosted by MML Investors Services LLC

MML Investors Services LLC boosted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 45.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,475 shares of the company's stock after buying an additional 2,958 shares during the quarter. MML Investors Services LLC's holdings in Live Nation Entertainment were worth $1,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Live Nation Entertainment during the 4th quarter worth approximately $40,000. Golden State Wealth Management LLC acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth $42,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at $44,000. Independence Bank of Kentucky bought a new stake in Live Nation Entertainment during the 4th quarter worth $45,000. Finally, Morse Asset Management Inc bought a new position in Live Nation Entertainment in the third quarter valued at about $42,000. Institutional investors own 74.52% of the company's stock.

Insiders Place Their Bets

In related news, Director Jeffrey T. Hinson sold 500 shares of the firm's stock in a transaction dated 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 trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian Capo sold 5,066 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the sale, the chief accounting officer now owns 10,549 shares in the company, valued at approximately $1,300,058.76. The trade was a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,702 shares of company stock valued at $10,497,143 in the last ninety days. Insiders own 2.72% of the company's stock.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Macquarie boosted their price target on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Morgan Stanley lifted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Bank of America upped their price target on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Finally, Susquehanna initiated coverage on Live Nation Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $155.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment has an average rating of "Moderate Buy" and an average price target of $159.13.

Live Nation Entertainment Trading Down 0.8 %

Live Nation Entertainment stock traded down $1.04 during trading on Tuesday, reaching $135.09. 196,118 shares of the company were exchanged, compared to its average volume of 2,231,407. 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 stock's 50 day simple moving average is $128.29 and its two-hundred day simple moving average is $132.64. The company has a market capitalization of $31.62 billion, a P/E ratio of 49.74, a PEG ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week 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 (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $3.63 billion. During the same period last year, the firm posted $0.60 earnings per share. Live Nation Entertainment's revenue was down 11.0% on a year-over-year basis. On average, equities research analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

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.