Live Nation Entertainment, Inc. $LYV Stock Purchased by Kenora Financial LLC

Kenora Financial LLC lifted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 90.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,538 shares of the company’s stock after acquiring an additional 4,522 shares during the quarter. Kenora Financial LLC’s holdings in Live Nation Entertainment were worth $1,615,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Live Nation Entertainment by 12.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,621 shares of the company’s stock worth $5,184,000 after purchasing an additional 3,343 shares during the last quarter. Cordatus Wealth Management LLC bought a new position in shares of Live Nation Entertainment in the third quarter worth about $1,600,000. V Square Quantitative Management LLC lifted its position in shares of Live Nation Entertainment by 10.2% during the third quarter. V Square Quantitative Management LLC now owns 3,067 shares of the company’s stock worth $519,000 after purchasing an additional 285 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Live Nation Entertainment by 253.4% during the third quarter. Assenagon Asset Management S.A. now owns 374,747 shares of the company’s stock valued at $63,445,000 after purchasing an additional 268,710 shares during the last quarter. Finally, Ninety One UK Ltd bought a new stake in shares of Live Nation Entertainment during the third quarter valued at approximately $38,000. 74.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Brian Capo sold 2,900 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer owned 8,655 shares of the company’s stock, valued at $1,592,520. The trade was a 25.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.89% of the stock is owned by insiders.

Live Nation Entertainment Trading Up 0.3%

NYSE LYV opened at $170.97 on Tuesday. The stock has a 50-day simple moving average of $174.79 and a 200 day simple moving average of $171.65. The company has a market capitalization of $40.29 billion, a PE ratio of -151.30 and a beta of 1.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25. Live Nation Entertainment, Inc. has a 12 month low of $125.34 and a 12 month high of $189.24.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, July 30th. The company reported $1.05 earnings per share (EPS) 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 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 company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. Research analysts forecast that Live Nation Entertainment, Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

LYV has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $220.00 price target on shares of Live Nation Entertainment in a report on Tuesday, October 13th. BTIG Research reiterated a “buy” rating and issued a $215.00 price objective on shares of Live Nation Entertainment in a research report on Monday. Wells Fargo & Company boosted their target price on Live Nation Entertainment from $199.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Susquehanna upped their price target on Live Nation Entertainment from $186.00 to $187.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, TD Cowen reissued a “buy” rating on shares of Live Nation Entertainment in a report on Monday, August 3rd. Twenty equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

About Live Nation Entertainment

Live Nation Entertainment, Inc is a global live entertainment company that promotes, produces and operates concerts, music festivals and other live events. Through its Live Nation Concerts business, the company works with artists and manages event production, marketing and venue operations across a broad range of musical genres.

The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related services for concerts, sports events, performing arts programs and other live entertainment.