Live Nation Entertainment, Inc. (NYSE:LYV) Stock Holdings Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,648 shares of the company’s stock after acquiring an additional 95 shares during the period. Vontobel Holding Ltd.’s holdings in Live Nation Entertainment were worth $728,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Mystic Asset Management Inc. grew its position in shares of Live Nation Entertainment by 2.1% during the second quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock worth $491,000 after acquiring an additional 110 shares during the last quarter. Czech National Bank lifted its holdings in Live Nation Entertainment by 0.5% in the first quarter. Czech National Bank now owns 24,965 shares of the company’s stock worth $2,641,000 after purchasing an additional 115 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in shares of Live Nation Entertainment by 3.2% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 3,840 shares of the company’s stock valued at $360,000 after purchasing an additional 120 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of Live Nation Entertainment by 5.4% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,527 shares of the company’s stock valued at $237,000 after purchasing an additional 130 shares in the last quarter. Finally, Hohimer Wealth Management LLC boosted its position in shares of Live Nation Entertainment by 1.2% during the 2nd quarter. Hohimer Wealth Management LLC now owns 11,427 shares of the company’s stock valued at $1,071,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Benchmark reiterated a “buy” rating and issued a $132.00 target price on shares of Live Nation Entertainment in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on shares of Live Nation Entertainment from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Bank of America assumed coverage on shares of Live Nation Entertainment in a research report on Wednesday, September 4th. They issued a “buy” rating and a $125.00 price target for the company. Roth Mkm increased their price target on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $123.00 price target on shares of Live Nation Entertainment in a research report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $120.77.

Live Nation Entertainment Stock Down 0.2 %

LYV opened at $114.94 on Monday. Live Nation Entertainment, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $116.57. 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 firm’s fifty day moving average price is $102.67 and its two-hundred day moving average price is $97.18. The company has a market capitalization of $26.41 billion, a P/E ratio of 109.47, a P/E/G ratio of 2.65 and a beta of 1.35.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly 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 for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm earned $1.02 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 1.21 EPS for the current year.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction on Monday, August 19th. The stock was sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at approximately $1,190,911.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ping Fu sold 1,701 shares of the business’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 completion of the transaction, the director now directly owns 15,128 shares in the company, valued at approximately $1,460,759.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian Capo sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the transaction, the chief accounting officer now owns 12,327 shares of the company’s stock, valued at $1,190,911.47. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,000 shares of company stock valued at $17,238,181. 2.85% of the stock is currently owned by company insiders.

About Live Nation Entertainment

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.