Live Nation Entertainment, Inc. $LYV Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 698,032 shares of the company’s stock after selling 4,079 shares during the period. Blair William & Co. IL’s holdings in Live Nation Entertainment were worth $114,058,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC boosted its position in Live Nation Entertainment by 469.0% in the 2nd quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 136 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Live Nation Entertainment during the third quarter worth about $33,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Live Nation Entertainment in the third quarter worth about $34,000. Measured Risk Portfolios Inc. purchased a new position in Live Nation Entertainment in the third quarter valued at about $37,000. Finally, Root Financial Partners LLC purchased a new position in Live Nation Entertainment in the third quarter valued at about $37,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of LYV opened at $156.58 on Friday. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of -652.42 and a beta of 1.11. The stock has a 50 day moving average of $149.52 and a 200-day moving average of $150.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51. Live Nation Entertainment, Inc. has a 52 week low of $112.88 and a 52 week high of $175.25.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($0.06). Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period in the prior year, the company posted $0.58 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Benchmark restated a “buy” rating on shares of Live Nation Entertainment in a report on Thursday, February 19th. The Goldman Sachs Group reissued a “buy” rating and set a $175.00 price target on shares of Live Nation Entertainment in a research report on Friday, February 20th. Zacks Research lowered shares of Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. UBS Group increased their price objective on shares of Live Nation Entertainment from $164.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Live Nation Entertainment from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $183.05.

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.