Natixis Purchases Shares of 12,117 Live Nation Entertainment, Inc. (NYSE:LYV)

Natixis purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,117 shares of the company’s stock, valued at approximately $1,569,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Amundi increased its stake in Live Nation Entertainment by 3.7% in the 4th quarter. Amundi now owns 1,089,290 shares of the company’s stock worth $141,945,000 after acquiring an additional 39,302 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of Live Nation Entertainment by 595.3% in the fourth quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company’s stock worth $5,140,000 after purchasing an additional 33,980 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Live Nation Entertainment during the fourth quarter valued at approximately $226,000. Aviva PLC lifted its position in Live Nation Entertainment by 1,524.1% during the fourth quarter. Aviva PLC now owns 97,057 shares of the company’s stock valued at $12,569,000 after purchasing an additional 91,081 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Live Nation Entertainment by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,019,988 shares of the company’s stock worth $132,088,000 after buying an additional 48,949 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Macquarie lifted their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Rosenblatt Securities reiterated a “buy” rating and set a $174.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Morgan Stanley boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.33.

Live Nation Entertainment Price Performance

Shares of LYV stock opened at $128.80 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market cap of $30.06 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 1.81 and a beta of 1.31. The business’s fifty day moving average is $131.52 and its 200 day moving average is $131.32. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Research analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity

In related news, EVP Michael Rowles sold 63,136 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the completion of the transaction, the executive vice president now owns 195,346 shares of the company’s stock, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Capo sold 5,066 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the completion of the sale, the chief accounting officer now directly owns 10,549 shares in the company, valued at $1,300,058.76. This trade represents a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,702 shares of company stock worth $10,497,143. Insiders own 2.72% of the company’s stock.

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.