Victory Capital Management Inc. cut its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV – Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,956 shares of the company’s stock after selling 2,249 shares during the quarter. Victory Capital Management Inc.’s holdings in Live Nation Entertainment were worth $14,887,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of LYV. Brooklyn Investment Group bought a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $31,000. World Investment Advisors LLC bought a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $38,000. Morse Asset Management Inc bought a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $42,000. Golden State Wealth Management LLC bought a new position in shares of Live Nation Entertainment during the 4th quarter valued at about $42,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Live Nation Entertainment during the 4th quarter valued at about $44,000. 74.52% of the stock is currently owned by institutional investors.
Live Nation Entertainment Trading Up 1.0 %
LYV opened at $122.84 on Thursday. The stock has a market cap of $28.67 billion, a PE ratio of 45.16, a PEG ratio of 1.81 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The business has a 50 day moving average of $140.00 and a 200-day moving average of $126.32. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75.
Insider Activity
In other news, EVP Michael Rowles sold 63,136 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the transaction, the executive vice president now owns 195,346 shares in the company, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms recently issued reports on LYV. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Benchmark restated a “buy” rating and set a $160.00 price target on shares of Live Nation Entertainment in a research report on Thursday, February 20th. Guggenheim raised their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $146.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $157.27.
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.
Featured Articles
- Five stocks we like better than Live Nation Entertainment
- What is the Nasdaq? Complete Overview with History
- Ramaco Resources Pins Hopes on Coal’s Untapped Potential
- What is the Euro STOXX 50 Index?
- NVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a Buy
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Why Energy Transfer Belongs on Your Watchlist
Want to see what other hedge funds are holding LYV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Nation Entertainment, Inc. (NYSE:LYV – Free Report).
Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.