Live Nation Entertainment, Inc. (NYSE:LYV) Holdings Raised by abrdn plc

abrdn plc grew its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 70.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,848 shares of the company's stock after purchasing an additional 26,877 shares during the quarter. abrdn plc's holdings in Live Nation Entertainment were worth $6,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV boosted its position in shares of Live Nation Entertainment by 148.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company's stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $33,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Live Nation Entertainment by 9,800.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company's stock valued at $41,000 after acquiring an additional 490 shares during the last quarter. Tobam acquired a new position in shares of Live Nation Entertainment during the 4th quarter valued at about $59,000. Finally, Headlands Technologies LLC acquired a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $88,000. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Stock Performance

Shares of LYV stock traded up $1.34 during trading hours on Friday, hitting $89.83. The stock had a trading volume of 1,890,272 shares, compared to its average volume of 2,300,596. The firm has a market capitalization of $20.73 billion, a PE ratio of 67.54 and a beta of 1.30. Live Nation Entertainment, Inc. has a twelve month low of $65.20 and a twelve month high of $107.24. The stock's 50 day moving average is $98.87 and its 200 day moving average is $91.59. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. As a group, research analysts forecast that Live Nation Entertainment, Inc. will post 1.62 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares of the company's stock, valued at $5,967,087. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.85% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LYV. Rosenblatt Securities lowered their price target on shares of Live Nation Entertainment from $124.00 to $119.00 and set a "buy" rating on the stock in a research report on Thursday, April 11th. Oppenheimer upped their target price on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, February 21st. TD Cowen reaffirmed a "buy" rating and issued a $108.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. Finally, Roth Mkm reiterated a "buy" rating and issued a $120.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Live Nation Entertainment has an average rating of "Moderate Buy" and an average price target of $116.30.

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.