Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,507 shares of the company’s stock after acquiring an additional 1,357 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Live Nation Entertainment were worth $3,791,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV increased 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 purchasing an additional 200 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of Live Nation Entertainment during the 3rd quarter valued at $33,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Live Nation Entertainment by 9,800.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after purchasing an additional 490 shares during the period. Tobam acquired a new position in shares of Live Nation Entertainment during the 4th quarter valued at $59,000. Finally, Headlands Technologies LLC acquired a new position in shares of Live Nation Entertainment during the 3rd quarter valued at $88,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the transaction, the director now directly owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.85% of the company’s stock.

Live Nation Entertainment Price Performance

LYV opened at $88.45 on Tuesday. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 66.50 and a beta of 1.30. Live Nation Entertainment, Inc. has a 1 year low of $64.96 and a 1 year high of $107.24. 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 stock has a fifty day moving average price of $98.99 and a 200 day moving average price of $91.52.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion for 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%. Analysts forecast that Live Nation Entertainment, Inc. will post 1.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Oppenheimer raised their price objective on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Morgan Stanley raised their price objective on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. raised their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, TD Cowen reissued a “buy” rating and set a $108.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.70.

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.