Charles Schwab Investment Management Inc. Purchases 17,403 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Charles Schwab Investment Management Inc. boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 790,208 shares of the company's stock after acquiring an additional 17,403 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.34% of Live Nation Entertainment worth $73,963,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on LYV. TD Cowen restated a "buy" rating and issued a $108.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their price target on Live Nation Entertainment from $120.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Morgan Stanley lifted their price objective on Live Nation Entertainment from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. Finally, Rosenblatt Securities raised their target price on Live Nation Entertainment from $119.00 to $122.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $116.83.

Insiders Place Their Bets

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

Live Nation Entertainment Trading Up 0.7 %

NYSE:LYV traded up $0.66 during trading hours on Wednesday, hitting $96.49. The stock had a trading volume of 1,174,349 shares, compared to its average volume of 2,263,444. The business's 50 day moving average is $98.59 and its 200-day moving average is $92.68. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 91.90, a P/E/G ratio of 1.93 and a beta of 1.34. Live Nation Entertainment, Inc. has a one year low of $76.48 and a one year high of $107.24.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.32). Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the firm posted ($0.25) earnings per share. The firm's revenue was up 21.5% on a year-over-year basis. Sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 1.39 EPS 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.