National Pension Service Has $42.66 Million Stock Holdings in Live Nation Entertainment, Inc. $LYV

National Pension Service lifted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 5.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 299,372 shares of the company’s stock after acquiring an additional 16,306 shares during the period. National Pension Service’s holdings in Live Nation Entertainment were worth $42,661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LYV. Principal Financial Group Inc. lifted its position in shares of Live Nation Entertainment by 22.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock worth $1,589,196,000 after buying an additional 1,763,511 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Live Nation Entertainment by 70.0% during the 4th quarter. Bessemer Group Inc. now owns 1,843,750 shares of the company’s stock worth $262,733,000 after buying an additional 759,363 shares during the last quarter. Woodline Partners LP lifted its position in shares of Live Nation Entertainment by 3,475.4% during the 3rd quarter. Woodline Partners LP now owns 609,574 shares of the company’s stock worth $99,604,000 after buying an additional 592,525 shares during the last quarter. Holocene Advisors LP lifted its position in shares of Live Nation Entertainment by 127.6% during the 3rd quarter. Holocene Advisors LP now owns 814,163 shares of the company’s stock worth $133,034,000 after buying an additional 456,373 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Live Nation Entertainment by 1,853.0% during the 3rd quarter. Tidal Investments LLC now owns 463,901 shares of the company’s stock worth $75,801,000 after buying an additional 440,148 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John Hopmans sold 93,078 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $166.07, for a total transaction of $15,457,463.46. Following the completion of the transaction, the executive vice president directly owned 188,751 shares of the company’s stock, valued at $31,345,878.57. This trade represents a 33.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Rowles sold 63,776 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $164.24, for a total value of $10,474,570.24. Following the transaction, the executive vice president directly owned 204,716 shares of the company’s stock, valued at approximately $33,622,555.84. This represents a 23.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 157,798 shares of company stock valued at $26,088,615 in the last three months. Insiders own 2.89% of the company’s stock.

Live Nation Entertainment Stock Down 0.0%

Shares of NYSE:LYV opened at $168.34 on Monday. The firm has a market cap of $39.65 billion, a P/E ratio of -95.11 and a beta of 1.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 13.93. Live Nation Entertainment, Inc. has a 12-month low of $125.34 and a 12-month high of $175.25. The business has a fifty day simple moving average of $159.65 and a 200 day simple moving average of $150.64.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Tuesday, May 5th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($1.50). The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.57 billion. Live Nation Entertainment had a return on equity of 45.92% and a net margin of 0.15%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.32) earnings per share. Analysts predict that Live Nation Entertainment, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on LYV shares. Evercore restated an “outperform” rating and set a $198.00 price objective on shares of Live Nation Entertainment in a research report on Friday, February 20th. Sanford C. Bernstein upped their price objective on Live Nation Entertainment from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Jefferies Financial Group reissued a “hold” rating on shares of Live Nation Entertainment in a report on Monday, March 9th. JPMorgan Chase & Co. raised their price objective on Live Nation Entertainment from $178.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Oppenheimer reissued an “outperform” rating and set a $190.00 price objective on shares of Live Nation Entertainment in a report on Friday, February 20th. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.75.

Live Nation Entertainment Profile

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.