Van ECK Associates Corp Sells 20,642 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Van ECK Associates Corp lessened its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 40.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,141 shares of the company’s stock after selling 20,642 shares during the period. Van ECK Associates Corp’s holdings in Live Nation Entertainment were worth $3,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of Live Nation Entertainment by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock valued at $787,950,000 after buying an additional 87,032 shares in the last quarter. Geode Capital Management LLC raised its stake in Live Nation Entertainment by 9.4% during the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock worth $410,664,000 after acquiring an additional 321,832 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Live Nation Entertainment by 37.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company’s stock valued at $155,851,000 after acquiring an additional 385,143 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Live Nation Entertainment by 55.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company’s stock valued at $118,147,000 after acquiring an additional 387,008 shares during the period. Finally, ValueAct Holdings L.P. acquired a new stake in Live Nation Entertainment during the 3rd quarter valued at approximately $111,094,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 0.7 %

Live Nation Entertainment stock opened at $153.59 on Thursday. 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 firm has a market cap of $35.69 billion, a price-to-earnings ratio of 163.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.38. The business’s 50-day moving average price is $138.64 and its 200 day moving average price is $121.66. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $155.10.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Guggenheim upped their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Roth Mkm lifted their price target on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Benchmark increased their target price on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Evercore ISI increased their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.47.

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.