Motley Fool Asset Management LLC Has $346,000 Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Motley Fool Asset Management LLC lowered its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,699 shares of the company’s stock after selling 418 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Live Nation Entertainment were worth $346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pittenger & Anderson Inc. lifted its stake in Live Nation Entertainment by 6.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 116,965 shares of the company’s stock valued at $10,948,000 after acquiring an additional 6,661 shares in the last quarter. Bank of New Hampshire bought a new stake in Live Nation Entertainment in the 4th quarter worth about $1,735,000. Tokio Marine Asset Management Co. Ltd. increased its stake in Live Nation Entertainment by 9.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,525 shares of the company’s stock valued at $424,000 after buying an additional 399 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Live Nation Entertainment by 73.3% during the 4th quarter. Yousif Capital Management LLC now owns 33,877 shares of the company’s stock worth $3,171,000 after buying an additional 14,328 shares in the last quarter. Finally, Cumberland Partners Ltd boosted its stake in shares of Live Nation Entertainment by 66.7% in the 4th quarter. Cumberland Partners Ltd now owns 17,500 shares of the company’s stock worth $1,638,000 after buying an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on LYV shares. Oppenheimer lifted their price target on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. TD Cowen reissued a “buy” rating and issued a $108.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 16th. Rosenblatt Securities decreased their price objective on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Roth Mkm reiterated a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research note on Tuesday. Finally, Roth Capital upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $116.30.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $89.83 on Friday. Live Nation Entertainment, Inc. has a 52-week low of $65.20 and a 52-week high of $107.24. The stock’s 50-day simple moving average is $98.87 and its 200 day simple moving average is $91.52. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 67.54 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. Research analysts forecast that Live Nation Entertainment, Inc. will post 1.62 EPS for the current fiscal year.

Insider Activity

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the sale, the director now owns 59,374 shares in the company, valued at $5,967,087. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.85% of the company’s stock.

Live Nation Entertainment Company 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.