Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by Aviva PLC

Aviva PLC increased its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 1,524.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,057 shares of the company’s stock after purchasing an additional 91,081 shares during the period. Aviva PLC’s holdings in Live Nation Entertainment were worth $12,569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Amundi lifted its stake in shares of Live Nation Entertainment by 3.7% during the fourth quarter. Amundi now owns 1,089,290 shares of the company’s stock worth $141,945,000 after buying an additional 39,302 shares during the period. Wealthfront Advisers LLC lifted its position in Live Nation Entertainment by 595.3% during the 4th quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company’s stock worth $5,140,000 after acquiring an additional 33,980 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in Live Nation Entertainment during the 4th quarter valued at about $226,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Live Nation Entertainment by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,019,988 shares of the company’s stock valued at $132,088,000 after purchasing an additional 48,949 shares during the period. Finally, Friedenthal Financial purchased a new position in shares of Live Nation Entertainment in the fourth quarter worth about $754,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

LYV has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $174.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Morgan Stanley increased their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Macquarie boosted their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Roth Mkm increased their price target on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Benchmark restated a “buy” rating and issued a $178.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.33.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Brian Capo sold 5,066 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the sale, the chief accounting officer now directly owns 10,549 shares of the company’s stock, valued at $1,300,058.76. The trade was a 32.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,702 shares of company stock worth $10,497,143. Insiders own 2.72% of the company’s stock.

Live Nation Entertainment Trading Down 1.5 %

Shares of NYSE:LYV opened at $119.05 on Tuesday. The firm has a market capitalization of $27.79 billion, a price-to-earnings ratio of 43.77, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. The business’s 50 day moving average price is $136.73 and its 200-day moving average price is $129.93. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.93) by $1.49. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.