Live Nation Entertainment, Inc. $LYV Shares Sold by Tredje AP fonden

Tredje AP fonden cut its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,191 shares of the company’s stock after selling 3,446 shares during the quarter. Tredje AP fonden’s holdings in Live Nation Entertainment were worth $2,877,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of LYV. Handelsbanken Fonder AB grew its position in Live Nation Entertainment by 201.5% during the fourth quarter. Handelsbanken Fonder AB now owns 22,908 shares of the company’s stock worth $3,264,000 after buying an additional 15,310 shares during the period. Csenge Advisory Group raised its holdings in Live Nation Entertainment by 14.3% in the 4th quarter. Csenge Advisory Group now owns 8,083 shares of the company’s stock valued at $1,152,000 after acquiring an additional 1,010 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Live Nation Entertainment by 45.0% during the 4th quarter. ProShare Advisors LLC now owns 41,642 shares of the company’s stock worth $5,934,000 after purchasing an additional 12,916 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Live Nation Entertainment by 8.5% during the fourth quarter. TD Private Client Wealth LLC now owns 1,804 shares of the company’s stock worth $257,000 after purchasing an additional 142 shares during the last quarter. Finally, North Dakota State Investment Board purchased a new stake in shares of Live Nation Entertainment in the fourth quarter valued at $773,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on Live Nation Entertainment from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Bank of America upped their price target on Live Nation Entertainment from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Weiss Ratings upgraded shares of Live Nation Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Wells Fargo & Company decreased their target price on shares of Live Nation Entertainment from $203.00 to $199.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Evercore reaffirmed an “outperform” rating and set a $198.00 price target on shares of Live Nation Entertainment in a report on Friday, February 20th. Twenty analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.75.

Live Nation Entertainment Trading Down 2.6%

Shares of NYSE LYV opened at $163.20 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 13.93. Live Nation Entertainment, Inc. has a 12 month low of $125.34 and a 12 month high of $175.25. The company has a market cap of $38.44 billion, a price-to-earnings ratio of -92.21 and a beta of 1.11. The business has a fifty day simple moving average of $158.64 and a 200-day simple moving average of $149.40.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($1.50). The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Live Nation Entertainment had a return on equity of 45.92% and a net margin of 0.15%.Live Nation Entertainment’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the company earned ($0.32) earnings per share. Sell-side analysts predict that Live Nation Entertainment, Inc. will post 1.13 EPS for the current year.

Insider Buying and Selling at Live Nation Entertainment

In other news, EVP John Hopmans sold 93,078 shares of Live Nation Entertainment stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $166.07, for a total value of $15,457,463.46. Following the transaction, the executive vice president directly owned 188,751 shares in the company, valued at approximately $31,345,878.57. The trade was a 33.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Rowles sold 63,776 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $164.24, for a total value of $10,474,570.24. Following the sale, the executive vice president owned 204,716 shares of the company’s stock, valued at approximately $33,622,555.84. The trade was a 23.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 157,798 shares of company stock worth $26,088,615 over the last ninety days. Company insiders own 2.89% of the company’s stock.

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.