Cambridge Investment Research Advisors Inc. Grows Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Cambridge Investment Research Advisors Inc. grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 67.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,616 shares of the company’s stock after acquiring an additional 6,283 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Live Nation Entertainment were worth $1,464,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Czech National Bank increased its stake in Live Nation Entertainment by 0.5% during the 1st quarter. Czech National Bank now owns 24,965 shares of the company’s stock worth $2,641,000 after buying an additional 115 shares during the period. Lindbrook Capital LLC increased its position in shares of Live Nation Entertainment by 44.1% during the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after acquiring an additional 119 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its stake in shares of Live Nation Entertainment by 5.4% in the second quarter. Baker Tilly Wealth Management LLC now owns 2,527 shares of the company’s stock worth $237,000 after acquiring an additional 130 shares in the last quarter. Western Pacific Wealth Management LP boosted its holdings in Live Nation Entertainment by 15.8% in the fourth quarter. Western Pacific Wealth Management LP now owns 981 shares of the company’s stock valued at $92,000 after purchasing an additional 134 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Live Nation Entertainment by 4.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,108 shares of the company’s stock valued at $291,000 after purchasing an additional 138 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

Shares of NYSE LYV opened at $95.34 on Wednesday. Live Nation Entertainment, Inc. has a 1-year low of $76.48 and a 1-year high of $107.24. The firm has a market capitalization of $22.13 billion, a PE ratio of 90.80, a P/E/G ratio of 2.20 and a beta of 1.34. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92. The business’s fifty day moving average price is $94.59 and its two-hundred day moving average price is $95.79.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. On average, research analysts expect that Live Nation Entertainment, Inc. will post 1.18 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on LYV shares. Morgan Stanley reiterated an “overweight” rating and set a $120.00 target price on shares of Live Nation Entertainment in a research note on Wednesday, June 12th. Macquarie reissued an “outperform” rating and set a $125.00 price objective on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research note on Friday, May 24th. Redburn Atlantic raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and increased their price target for the stock from $114.00 to $115.00 in a research report on Thursday, May 9th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $123.00 price objective on shares of Live Nation Entertainment in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.17.

Insider Activity

In related news, Director Ping Fu sold 1,701 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total value of $164,248.56. Following the sale, the director now directly owns 15,128 shares in the company, valued at approximately $1,460,759.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ping Fu sold 1,701 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $96.56, for a total value of $164,248.56. Following the completion of the transaction, the director now owns 15,128 shares in the company, valued at approximately $1,460,759.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian Capo sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the transaction, the chief accounting officer now directly owns 12,327 shares in the company, valued at approximately $1,190,911.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,201 shares of company stock valued at $788,464. Insiders own 2.85% of the company’s stock.

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.