Live Nation Entertainment, Inc. $LYV Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC cut its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 29.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,597 shares of the company’s stock after selling 4,068 shares during the period. Curated Wealth Partners LLC’s holdings in Live Nation Entertainment were worth $1,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in shares of Live Nation Entertainment by 3.4% in the first quarter. Principal Financial Group Inc. now owns 11,095,305 shares of the company’s stock worth $1,692,151,000 after purchasing an additional 367,624 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Live Nation Entertainment during the second quarter valued at about $1,221,398,000. Canada Pension Plan Investment Board bought a new stake in Live Nation Entertainment in the 2nd quarter worth approximately $859,018,000. Independent Franchise Partners LLP raised its stake in Live Nation Entertainment by 3.5% during the fourth quarter. Independent Franchise Partners LLP now owns 5,733,718 shares of the company’s stock valued at $817,055,000 after purchasing an additional 193,104 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. lifted its holdings in shares of Live Nation Entertainment by 37.9% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 3,996,512 shares of the company’s stock valued at $569,503,000 after acquiring an additional 1,099,350 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 2.4%

Shares of LYV stock traded up $4.13 during trading hours on Thursday, reaching $172.97. 849,705 shares of the company’s stock were exchanged, compared to its average volume of 2,532,243. Live Nation Entertainment, Inc. has a fifty-two week low of $125.34 and a fifty-two week high of $189.24. The stock’s 50 day moving average is $175.44 and its 200-day moving average is $171.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25. The company has a market cap of $40.76 billion, a price-to-earnings ratio of -153.26 and a beta of 1.17.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly 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 business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.56 billion. Live Nation Entertainment had a return on equity of 54.61% and a net margin of 0.34%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Analysts predict that Live Nation Entertainment, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Live Nation Entertainment

In related news, CAO Brian Capo sold 2,900 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.00, for a total value of $533,600.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citizens Jmp boosted their price objective on shares of Live Nation Entertainment from $190.00 to $215.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 22nd. Roth Capital set a $208.00 price objective on Live Nation Entertainment in a research report on Friday, July 31st. Wells Fargo & Company upped their price target on shares of Live Nation Entertainment from $199.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $205.00 price target on shares of Live Nation Entertainment in a research note on Friday, July 31st. Finally, UBS Group raised their price objective on Live Nation Entertainment from $181.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Twenty investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Live Nation Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $197.43.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a global live entertainment company that promotes concerts and other live events, operates entertainment venues, and provides ticketing services. Its activities span the live event ecosystem, from artist and event promotion to ticket sales, venue management, sponsorship, and advertising.

The company’s business includes Live Nation Concerts, which produces and promotes tours, festivals, and other events; Ticketmaster, a ticketing platform serving venues, event organizers, and fans; and a portfolio of owned, operated, or managed venues.