8,720 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Bought by Scientech Research LLC

Scientech Research LLC acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 8,720 shares of the company's stock, valued at approximately $1,129,000.

A number of other institutional investors have also modified their holdings of LYV. Amundi lifted its holdings in shares of Live Nation Entertainment by 3.7% in the 4th quarter. Amundi now owns 1,089,290 shares of the company's stock valued at $141,945,000 after buying an additional 39,302 shares during the period. Wealthfront Advisers LLC lifted its holdings in Live Nation Entertainment by 595.3% in the fourth quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company's stock valued at $5,140,000 after acquiring an additional 33,980 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of Live Nation Entertainment during the 4th quarter worth $226,000. Aviva PLC grew its stake in shares of Live Nation Entertainment by 1,524.1% during the 4th quarter. Aviva PLC now owns 97,057 shares of the company's stock worth $12,569,000 after purchasing an additional 91,081 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Live Nation Entertainment by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,019,988 shares of the company's stock valued at $132,088,000 after purchasing an additional 48,949 shares during the period. Institutional investors and hedge funds own 74.52% of the company's stock.

Insiders Place Their Bets

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the completion of the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. The trade was a 24.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey T. Hinson sold 500 shares of the 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 transaction, the director now directly owns 52,624 shares in the company, valued at $6,470,120.80. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,510 shares of company stock valued at $15,627,146. Insiders own 3.01% of the company's stock.

Live Nation Entertainment Price Performance

NYSE:LYV traded up $0.50 during trading hours on Thursday, reaching $144.67. The company had a trading volume of 581,647 shares, compared to its average volume of 2,237,520. The firm has a market capitalization of $33.53 billion, a PE ratio of 53.15, a PEG ratio of 1.81 and a beta of 1.47. The stock has a 50-day moving average of $131.03 and a two-hundred day moving average of $134.48. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LYV. Rosenblatt Securities dropped their price target on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Susquehanna initiated coverage on Live Nation Entertainment in a report on Monday, April 28th. They set a "positive" rating and a $155.00 target price on the stock. Macquarie upped their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Bank of America increased their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.07.

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.