United Capital Financial Advisors LLC Makes New $1.17 Million Investment in Live Nation Entertainment, Inc. $LYV

United Capital Financial Advisors LLC bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,409 shares of the company’s stock, valued at approximately $1,174,000.

Other institutional investors also recently modified their holdings of the company. Axxcess Wealth Management LLC lifted its holdings in Live Nation Entertainment by 4.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,602 shares of the company’s stock valued at $228,000 after buying an additional 75 shares during the period. Vident Advisory LLC raised its position in shares of Live Nation Entertainment by 2.1% during the 2nd quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock valued at $548,000 after acquiring an additional 75 shares during the last quarter. Prairie Wealth Advisors Inc. lifted its stake in shares of Live Nation Entertainment by 5.0% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company’s stock valued at $272,000 after purchasing an additional 80 shares during the period. Sumitomo Life Insurance Co. lifted its stake in shares of Live Nation Entertainment by 1.2% in the 4th quarter. Sumitomo Life Insurance Co. now owns 6,821 shares of the company’s stock valued at $972,000 after purchasing an additional 82 shares during the period. Finally, Root Financial Partners LLC boosted its position in shares of Live Nation Entertainment by 37.4% in the 4th quarter. Root Financial Partners LLC now owns 312 shares of the company’s stock worth $44,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 0.1%

Shares of Live Nation Entertainment stock opened at $180.84 on Friday. The firm has a market cap of $42.61 billion, a PE ratio of -160.04 and a beta of 1.12. Live Nation Entertainment, Inc. has a 52-week low of $125.34 and a 52-week high of $189.24. The business’s 50 day simple moving average is $181.24 and its 200 day simple moving average is $167.76. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.66 by $0.39. The firm had revenue of $7.67 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, analysts predict that Live Nation Entertainment, Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Activity at Live Nation Entertainment

In other news, CAO Brian Capo sold 2,900 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $184.00, for a total transaction of $533,600.00. Following the transaction, the chief accounting officer directly owned 8,655 shares in the company, valued at $1,592,520. The trade was a 25.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LYV shares. Benchmark upped their price objective on Live Nation Entertainment from $190.00 to $215.00 and gave the company a “buy” rating in a report on Friday, July 31st. Citizens Jmp boosted their target price on Live Nation Entertainment from $190.00 to $215.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $180.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Rothschild & Co Redburn lifted their price objective on shares of Live Nation Entertainment from $193.00 to $195.00 in a research note on Wednesday, May 6th. Finally, BTIG Research restated a “buy” rating and set a $215.00 price objective on shares of Live Nation Entertainment in a report on Friday, July 31st. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average price target of $197.19.

About Live Nation Entertainment

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.