Toronto Dominion Bank Trims Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Toronto Dominion Bank decreased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 13.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 43,155 shares of the company’s stock after selling 6,784 shares during the quarter. Toronto Dominion Bank’s holdings in Live Nation Entertainment were worth $4,045,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. YHB Investment Advisors Inc. purchased a new stake in Live Nation Entertainment in the first quarter worth about $32,000. Rise Advisors LLC increased its holdings in Live Nation Entertainment by 90.3% in the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after acquiring an additional 159 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after acquiring an additional 202 shares during the period. Lindbrook Capital LLC lifted its holdings in Live Nation Entertainment by 44.1% during the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after purchasing an additional 119 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Live Nation Entertainment by 67.4% in the second quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $41,000 after purchasing an additional 176 shares during the period. 74.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jeffrey T. Hinson sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the sale, the director now directly owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Brian Capo sold 5,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $96.61, for a total value of $483,050.00. Following the sale, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at approximately $1,190,911.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey T. Hinson sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the transaction, the director now owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The disclosure for this sale can be found here. Insiders have sold 177,000 shares of company stock valued at $17,238,181 over the last ninety days. 2.85% of the stock is owned by insiders.

Live Nation Entertainment Trading Up 0.5 %

Shares of LYV opened at $108.74 on Monday. The stock has a market capitalization of $24.98 billion, a PE ratio of 103.56, a P/E/G ratio of 2.46 and a beta of 1.34. The company’s fifty day moving average is $96.71 and its 200 day moving average is $96.32. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $109.24.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results 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). Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts expect that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LYV has been the topic of several recent analyst reports. Bank of America started coverage on shares of Live Nation Entertainment in a research report on Wednesday, September 4th. They set a “buy” rating and a $125.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $132.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, September 10th. Rosenblatt Securities reiterated a “buy” rating and set a $123.00 target price on shares of Live Nation Entertainment in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Macquarie restated an “outperform” rating and issued a $125.00 price target on shares of Live Nation Entertainment in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.46.

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.