2 weeks Ago By Defense World Staff
Commonwealth Equity Services LLC cut its position in Live Nation Entertainment, Inc. ( NYSE:LYV – Free Report ) by 20.0% in the second quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 10,440 shares of the company’s stock after selling 2,609 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Live Nation Entertainment were worth $979,000 at the end of the most recent reporting period. Other hedge funds also recently added to or reduced their stakes in the company.
Czech National Bank raised its stake in shares of Live Nation Entertainment by 0.5% in the first quarter. Czech National Bank now owns 24,965 shares of the company’s stock worth $2,641,000 after purchasing an additional 115 shares during the last quarter.
Lindbrook Capital LLC raised its position in Live Nation Entertainment by 44.1% during the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after buying an additional 119 shares during the last quarter.
Baker Tilly Wealth Management LLC increased its stake in shares of Live Nation Entertainment by 5.4% in the second quarter. Baker Tilly Wealth Management LLC now owns 2,527 shares of the company’s stock worth $237,000 after acquiring an additional 130 shares during the period.
Wealth Enhancement Advisory Services LLC raised its holdings in shares of Live Nation Entertainment by 4.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,108 shares of the company’s stock worth $291,000 after purchasing an additional 138 shares during the last quarter.
Finally, Western Pacific Wealth Management LP grew its position in Live Nation Entertainment by 14.7% during the 1st quarter. Western Pacific Wealth Management LP now owns 1,125 shares of the company’s stock worth $119,000 after purchasing an additional 144 shares during the period.
74.52% of the stock is owned by institutional investors and hedge funds. Live Nation Entertainment Stock Up 1.
4 % Shares of NYSE:LYV opened at $102.92 on Wednesday. The company has a quick ratio of 0.
92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22.
The business has a fifty day moving average of $95.03 and a two-hundred day moving average of $95.97.
The stock has a market cap of $23.65 billion, a P/E ratio of 98.02, a PEG ratio of 2.
29 and a beta of 1.34. Live Nation Entertainment, Inc.
has a 52-week low of $76.48 and a 52-week high of $107.24.
Insider Transactions at Live Nation Entertainment In related news, CEO Michael Rapino sold 98,849 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $9,637,777.
50. Following the transaction, the chief executive officer now owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.50.
The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . In other Live Nation Entertainment news, CEO Michael Rapino sold 98,849 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $97.
50, for a total value of $9,637,777.50. Following the sale, the chief executive officer now owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.
50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Also, EVP Michael Rowles sold 35,000 shares of the stock in a transaction dated Wednesday, September 11th.
The shares were sold at an average price of $97.64, for a total value of $3,417,400.00.
Following the completion of the sale, the executive vice president now directly owns 167,447 shares in the company, valued at approximately $16,349,525.08. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 177,000 shares of company stock worth $17,238,181. 2.85% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In LYV has been the topic of several analyst reports. Macquarie restated an “outperform” rating and set a $125.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, July 31st.
Oppenheimer lifted their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, September 6th.
Northcoast Research lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 target price on shares of Live Nation Entertainment in a research note on Wednesday, June 12th.
Finally, Benchmark reaffirmed a “buy” rating and set a $132.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company.
According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.46.
Read Our Latest Analysis on Live Nation Entertainment Live Nation Entertainment Profile ( Free Report ) 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. Read More Five stocks we like better than Live Nation Entertainment Most Volatile Stocks, What Investors Need to Know Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Stock Dividend Cuts Happen Are You Ready? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Should You Add These Warren Buffett Stocks to Your Portfolio? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter .
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