Dynasty Wealth Management LLC Sells 400 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Dynasty Wealth Management LLC decreased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,738 shares of the company’s stock after selling 400 shares during the period. Dynasty Wealth Management LLC’s holdings in Live Nation Entertainment were worth $358,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. bought a new stake in Live Nation Entertainment during the first quarter worth about $1,153,000. Praxis Investment Management Inc. grew its holdings in shares of Live Nation Entertainment by 45.2% during the 1st quarter. Praxis Investment Management Inc. now owns 5,560 shares of the company’s stock worth $726,000 after acquiring an additional 1,730 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Live Nation Entertainment during the 1st quarter worth approximately $3,081,000. Highland Capital Management LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter worth approximately $1,170,000. Finally, Personal CFO Solutions LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter worth approximately $277,000. Institutional investors own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

LYV has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and issued a $178.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Sanford C. Bernstein began coverage on Live Nation Entertainment in a research note on Wednesday, June 4th. They issued an “outperform” rating and a $185.00 price objective for the company. Roth Mkm cut their price target on Live Nation Entertainment from $174.00 to $164.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the stock a “positive” rating in a report on Tuesday, June 10th. Finally, Wolfe Research increased their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and a consensus target price of $165.24.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $150.94 on Friday. The company has a 50 day moving average price of $144.84 and a 200-day moving average price of $137.88. The company has a debt-to-equity ratio of 7.43, a quick ratio of 0.96 and a current ratio of 0.96. Live Nation Entertainment, Inc. has a fifty-two week low of $87.33 and a fifty-two week high of $157.75. The company has a market capitalization of $34.98 billion, a PE ratio of 51.52, a P/E/G ratio of 5.76 and a beta of 1.45.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.63 billion. Live Nation Entertainment had a return on equity of 125.77% and a net margin of 4.28%. The business’s quarterly revenue was down 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. As a group, equities analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of Live Nation Entertainment stock in a transaction on Friday, May 16th. The shares were sold at an average price of $147.38, for a total value of $5,130,003.04. Following the transaction, the executive vice president directly owned 189,456 shares of the company’s stock, valued at approximately $27,922,025.28. The trade was a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.01% of the stock is owned by company insiders.

Live Nation Entertainment Company 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.