Jones Financial Companies Lllp Purchases 528 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Jones Financial Companies Lllp raised its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 71.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,267 shares of the company’s stock after acquiring an additional 528 shares during the period. Jones Financial Companies Lllp’s holdings in Live Nation Entertainment were worth $164,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LYV. Atria Wealth Solutions Inc. acquired a new position in shares of Live Nation Entertainment during the fourth quarter valued at about $226,000. Charles Schwab Investment Management Inc. raised its position in shares of Live Nation Entertainment by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock valued at $106,319,000 after buying an additional 107,844 shares during the last quarter. Empowered Funds LLC raised its position in Live Nation Entertainment by 392.4% in the third quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock worth $1,898,000 after purchasing an additional 13,815 shares in the last quarter. Friedenthal Financial acquired a new position in Live Nation Entertainment in the fourth quarter worth about $754,000. Finally, Natixis Advisors LLC raised its position in Live Nation Entertainment by 12.0% in the third quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock worth $7,279,000 after purchasing an additional 7,136 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Trading Up 3.0 %

LYV opened at $119.25 on Friday. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $139.52 and its two-hundred day moving average is $126.41. The firm has a market cap of $27.83 billion, a PE ratio of 43.84, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the sale, the director now directly owns 52,624 shares of the company’s stock, valued at $6,470,120.80. The trade was a 0.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brian Capo sold 5,066 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the sale, the chief accounting officer now directly owns 10,549 shares in the company, valued at $1,300,058.76. This trade represents a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,702 shares of company stock worth $10,497,143 over the last ninety days. Company insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

LYV has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Rosenblatt Securities reissued a “buy” rating and set a $146.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Citigroup increased their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Benchmark reissued a “buy” rating and set a $160.00 price target on shares of Live Nation Entertainment in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.27.

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.