Maven Securities LTD Takes Position in Live Nation Entertainment, Inc. $LYV

Maven Securities LTD purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,470 shares of the company’s stock, valued at approximately $2,283,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Nissay Asset Management Corp Japan lifted its position in shares of Live Nation Entertainment by 0.3% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 21,068 shares of the company’s stock worth $3,858,000 after buying an additional 66 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Live Nation Entertainment by 4.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,602 shares of the company’s stock valued at $228,000 after acquiring an additional 75 shares during the last quarter. Vident Advisory LLC increased its position in shares of Live Nation Entertainment by 2.1% during the second quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock valued at $548,000 after acquiring an additional 75 shares during the last quarter. Prairie Wealth Advisors Inc. lifted its holdings in Live Nation Entertainment by 5.0% during the third quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company’s stock worth $272,000 after acquiring an additional 80 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its position in Live Nation Entertainment by 1.2% in the fourth quarter. Sumitomo Life Insurance Co. now owns 6,821 shares of the company’s stock worth $972,000 after purchasing an additional 82 shares during the last quarter. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Stock Down 1.8%

LYV opened at $170.43 on Wednesday. The company has a 50 day moving average of $181.25 and a 200 day moving average of $168.93. The company has a market cap of $40.16 billion, a PE ratio of -150.82 and a beta of 1.11. Live Nation Entertainment, Inc. has a 12 month low of $125.34 and a 12 month high of $189.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.39. The business had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.56 billion. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, sell-side analysts expect that Live Nation Entertainment, Inc. will post 1.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Guggenheim raised their target price on Live Nation Entertainment from $197.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, July 31st. TD Cowen reissued a “buy” rating on shares of Live Nation Entertainment in a report on Monday, August 3rd. BTIG Research restated a “buy” rating and set a $215.00 price target on shares of Live Nation Entertainment in a research report on Friday, July 31st. Citizens Jmp lifted their price objective on shares of Live Nation Entertainment from $190.00 to $215.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Live Nation Entertainment from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Twenty analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.19.

Insider Buying and Selling at Live Nation Entertainment

In related news, CAO Brian Capo sold 2,900 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $184.00, for a total transaction of $533,600.00. Following the sale, the chief accounting officer directly owned 8,655 shares in the company, valued at approximately $1,592,520. The trade was a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.89% of the company’s stock.

About Live Nation Entertainment

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.