Primecap Management Co. CA Sells 26,450 Shares of Live Nation Entertainment, Inc. $LYV

Primecap Management Co. CA lessened its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 761,880 shares of the company’s stock after selling 26,450 shares during the period. Primecap Management Co. CA owned about 0.32% of Live Nation Entertainment worth $124,491,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LYV. Empowered Funds LLC raised its holdings in Live Nation Entertainment by 3.3% in the 1st quarter. Empowered Funds LLC now owns 17,376 shares of the company’s stock valued at $2,269,000 after acquiring an additional 547 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Live Nation Entertainment by 161.9% in the second quarter. Wealthfront Advisers LLC now owns 16,612 shares of the company’s stock valued at $2,513,000 after purchasing an additional 10,269 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Live Nation Entertainment by 4.1% during the second quarter. Nisa Investment Advisors LLC now owns 17,439 shares of the company’s stock worth $2,638,000 after purchasing an additional 688 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Live Nation Entertainment during the second quarter worth about $941,000. Finally, Teacher Retirement System of Texas increased its holdings in Live Nation Entertainment by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 24,566 shares of the company’s stock valued at $3,716,000 after buying an additional 968 shares during the period. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Price Performance

Shares of LYV opened at $157.83 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 8.51. The stock has a market cap of $37.06 billion, a PE ratio of -657.63, a PEG ratio of 19.28 and a beta of 1.18. Live Nation Entertainment, Inc. has a 12-month low of $112.88 and a 12-month high of $175.25. The business has a 50-day simple moving average of $147.59 and a two-hundred day simple moving average of $150.45.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($0.06). The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.12 billion. Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. Analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LYV. Zacks Research downgraded shares of Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $185.00 price target on shares of Live Nation Entertainment in a research note on Friday, February 20th. Rothschild & Co Redburn dropped their price objective on Live Nation Entertainment from $170.00 to $166.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Finally, Roth Mkm reiterated a “buy” rating and issued a $190.00 target price on shares of Live Nation Entertainment in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.90.

Key Stories Impacting Live Nation Entertainment

Here are the key news stories impacting Live Nation Entertainment this week:

• Positive Sentiment: Deutsche Bank raised its price target to $180 and reaffirmed a “buy” rating, implying material upside from recent levels; this upgrade likely supports buying momentum. Deutsche Bank adjusts Live Nation Entertainment PT to $180 from $160, maintains buy rating
• Positive Sentiment: Wells Fargo initiated coverage with an “overweight” rating and a $204 price target (significant upside), and that initiation has been reported broadly — a catalyst for institutional interest and likely contributor to today’s upward move. Wells Fargo initiates coverage of Live Nation Entertainment (LYV) with overweight recommendation
• Positive Sentiment: Zacks flagged an upgrade to “strong-buy” (coverage citing recent analyst activity), which may amplify retail/investor attention and short-term buying. Zacks.com
• Neutral Sentiment: Analyst and media coverage is also highlighting a shifting investment thesis — growth plans and consolidation opportunities vs. regulatory questions — producing a mixed narrative that can sustain volatility as investors price risk/reward. How The Live Nation (LYV) Investment Story Is Shifting With Growth Plans And Regulatory Questions
• Negative Sentiment: The DOJ antitrust case moves forward with jury selection imminent; while the judge pared some government claims, the trial creates regulatory overhang and potential liability that could pressure sentiment and valuation. Justice Department Blasts Live Nation’s ‘Desperate Attempt’ To Halt Anti-Monopoly Trial—Days Before It Begins
• Negative Sentiment: Halper Sadeh LLC announced a shareholder inquiry into potential fiduciary breaches by officers and directors, signaling possible litigation or governance scrutiny that could be a drag if it escalates. HALPER SADEH LLC ENCOURAGES LIVE NATION ENTERTAINMENT, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS

Live Nation Entertainment Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.