Live Nation Entertainment, Inc. $LYV Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lessened its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 29.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,597 shares of the company’s stock after selling 4,068 shares during the quarter. Curated Wealth Partners LLC’s holdings in Live Nation Entertainment were worth $1,625,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LYV. Burkett Financial Services LLC bought a new position in shares of Live Nation Entertainment during the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC bought a new stake in Live Nation Entertainment in the 2nd quarter valued at about $27,000. Kilter Group LLC acquired a new stake in Live Nation Entertainment in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of Live Nation Entertainment during the second quarter worth approximately $27,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Live Nation Entertainment in the 2nd quarter valued at $32,000. 74.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Live Nation Entertainment

In other news, CAO Brian Capo sold 2,900 shares of the firm’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 completion of the transaction, the chief accounting officer directly owned 8,655 shares in the company, valued at $1,592,520. This trade represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.89% of the stock is owned by insiders.

Live Nation Entertainment Trading Up 2.4%

NYSE:LYV traded up $4.13 during midday trading on Thursday, reaching $172.97. 849,705 shares of the stock traded hands, compared to its average volume of 2,532,243. The company has a fifty day moving average of $175.44 and a 200 day moving average of $171.18. Live Nation Entertainment, Inc. has a 12 month low of $125.34 and a 12 month high of $189.24. The stock has a market capitalization of $40.76 billion, a P/E ratio of -153.26 and a beta of 1.17. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.39. Live Nation Entertainment had a return on equity of 54.61% and a net margin of 0.34%. The company had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, research analysts predict that Live Nation Entertainment, Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LYV shares. UBS Group lifted their target price on Live Nation Entertainment from $181.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Oppenheimer set a $100.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, July 28th. Susquehanna boosted their price objective on Live Nation Entertainment from $186.00 to $187.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Live Nation Entertainment from $180.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, TD Cowen reissued a “buy” rating on shares of Live Nation Entertainment in a report on Monday, August 3rd. Twenty equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.43.

About Live Nation Entertainment

Live Nation Entertainment, Inc is a global live entertainment company that promotes concerts and other live events, operates entertainment venues, and provides ticketing services. Its activities span the live event ecosystem, from artist and event promotion to ticket sales, venue management, sponsorship, and advertising.

The company’s business includes Live Nation Concerts, which produces and promotes tours, festivals, and other events; Ticketmaster, a ticketing platform serving venues, event organizers, and fans; and a portfolio of owned, operated, or managed venues.