Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lessened its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 89.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,572 shares of the company’s stock after selling 20,738 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Live Nation Entertainment were worth $241,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Meiji Yasuda Life Insurance Co boosted its position in shares of Live Nation Entertainment by 3.2% in 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 during the period. DHK Financial Advisors Inc. acquired a new position in shares of Live Nation Entertainment in the second quarter worth about $422,000. MSA Advisors LLC increased its position in shares of Live Nation Entertainment by 14.8% in the second quarter. MSA Advisors LLC now owns 184,705 shares of the company’s stock worth $17,314,000 after acquiring an additional 23,800 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Live Nation Entertainment by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 894,019 shares of the company’s stock valued at $83,780,000 after acquiring an additional 51,397 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Live Nation Entertainment by 85.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,038,285 shares of the company’s stock valued at $97,329,000 after acquiring an additional 476,981 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $97.64, for a total value of $3,417,400.00. Following the sale, the executive vice president now owns 167,447 shares of the company’s stock, valued at approximately $16,349,525.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Michael Rowles sold 35,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $97.64, for a total value of $3,417,400.00. Following the completion of the sale, the executive vice president now directly owns 167,447 shares of the company’s stock, valued at $16,349,525.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joe Berchtold sold 29,310 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the transaction, the chief financial officer now directly owns 566,722 shares in the company, valued at approximately $55,255,395. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 177,000 shares of company stock worth $17,238,181. Company insiders own 2.85% of the company’s stock.

Live Nation Entertainment Stock Down 0.7 %

Shares of Live Nation Entertainment stock opened at $103.64 on Friday. Live Nation Entertainment, Inc. has a 12-month low of $76.48 and a 12-month high of $107.24. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. The stock has a 50 day moving average price of $95.64 and a two-hundred day moving average price of $96.14. The stock has a market capitalization of $23.81 billion, a P/E ratio of 98.70, a PEG ratio of 2.29 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) 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 net margin of 2.20% and a return on equity of 84.78%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share. Equities analysts expect that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current year.

Analyst Ratings Changes

LYV has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 target price on shares of Live Nation Entertainment in a research note on Wednesday, June 12th. Northcoast Research lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 28th. Macquarie reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, July 31st. Finally, Oppenheimer increased their target price on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.