3,882 Shares in Live Nation Entertainment, Inc. $LYV Bought by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,882 shares of the company’s stock, valued at approximately $711,000.

Other large investors have also recently modified their holdings of the company. Leonteq Securities AG purchased a new stake in Live Nation Entertainment during the 4th quarter valued at about $25,000. Burkett Financial Services LLC purchased a new position in Live Nation Entertainment in the 2nd quarter worth approximately $26,000. Kilter Group LLC purchased a new stake in shares of Live Nation Entertainment during the second quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new position in shares of Live Nation Entertainment in the second quarter worth approximately $27,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Live Nation Entertainment in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Insiders Place Their Bets

In other Live Nation Entertainment news, CAO Brian Capo sold 2,900 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $184.00, for a total value of $533,600.00. Following the completion of the transaction, the chief accounting officer owned 8,655 shares in the company, valued at approximately $1,592,520. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Roth Capital set a $208.00 price target on shares of Live Nation Entertainment in a research report on Friday, July 31st. Susquehanna upped their price objective on shares of Live Nation Entertainment from $186.00 to $187.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Benchmark increased their target price on shares of Live Nation Entertainment from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Sanford C. Bernstein raised their target price on Live Nation Entertainment from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Morgan Stanley upped their price target on Live Nation Entertainment from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $197.19.

Live Nation Entertainment Price Performance

LYV stock opened at $186.48 on Wednesday. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85. Live Nation Entertainment, Inc. has a 1 year low of $125.34 and a 1 year high of $189.24. The firm has a 50-day moving average of $180.63 and a 200 day moving average of $167.08. The company has a market cap of $43.94 billion, a P/E ratio of -165.03 and a beta of 1.12.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, July 30th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.39. The firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.56 billion. Live Nation Entertainment had a return on equity of 54.61% and a net margin of 0.34%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. On average, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 1.05 EPS for the current year.

Live Nation Entertainment Company 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.