Live Nation Entertainment, Inc. (NYSE:LYV) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 178.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,850 shares of the company’s stock after acquiring an additional 10,794 shares during the period. Vontobel Holding Ltd.’s holdings in Live Nation Entertainment were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYV. Providence Capital Advisors LLC grew its holdings in Live Nation Entertainment by 6,674.2% during the first quarter. Providence Capital Advisors LLC now owns 2,100 shares of the company’s stock worth $30,000 after acquiring an additional 2,069 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $31,000. Creative Financial Designs Inc. ADV grew its position in shares of Live Nation Entertainment by 148.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the period. Raleigh Capital Management Inc. purchased a new position in shares of Live Nation Entertainment in the 3rd quarter valued at about $33,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Live Nation Entertainment by 9,800.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Transactions at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the sale, the director now owns 59,374 shares of the company’s stock, valued at $5,967,087. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.85% of the company’s stock.

Live Nation Entertainment Stock Up 0.4 %

LYV stock opened at $89.98 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. The firm has a 50-day moving average of $99.01 and a two-hundred day moving average of $91.39. Live Nation Entertainment, Inc. has a 12 month low of $64.96 and a 12 month high of $107.24. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 67.65 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LYV has been the subject of a number of recent analyst reports. TD Cowen restated a “buy” rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday. Oppenheimer upped their price objective on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Rosenblatt Securities cut their target price on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Finally, Roth Mkm raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and raised their price target for the company from $92.00 to $114.00 in a research note on Friday, January 12th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.70.

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.