Royal London Asset Management Ltd. Has $19.24 Million Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Royal London Asset Management Ltd. increased its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,569 shares of the company’s stock after purchasing an additional 6,723 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.06% of Live Nation Entertainment worth $19,240,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Live Nation Entertainment during the third quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in Live Nation Entertainment in the fourth quarter valued at approximately $42,000. Retirement Wealth Solutions LLC acquired a new stake in Live Nation Entertainment in the fourth quarter valued at approximately $44,000. Independence Bank of Kentucky acquired a new stake in Live Nation Entertainment in the fourth quarter valued at approximately $45,000. Finally, Morse Asset Management Inc acquired a new stake in Live Nation Entertainment in the third quarter valued at approximately $42,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, CAO Brian Capo sold 5,066 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the sale, the chief accounting officer now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the completion of the sale, the executive vice president now owns 195,346 shares in the company, valued at $30,356,768.40. This represents a 24.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock valued at $10,497,143 in the last 90 days. 2.72% of the stock is currently owned by company insiders.

Live Nation Entertainment Trading Up 0.6 %

Shares of LYV stock opened at $122.93 on Friday. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75. The firm’s fifty day simple moving average is $138.74 and its 200 day simple moving average is $127.26. The firm has a market capitalization of $28.69 billion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results 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 firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. As a group, sell-side analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Roth Mkm lifted their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Guggenheim lifted their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.27.

Live Nation Entertainment Profile

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.