Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC raised its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 18.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,809,949 shares of the company’s stock after buying an additional 284,623 shares during the quarter. William Blair Investment Management LLC’s holdings in Live Nation Entertainment were worth $234,388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amundi lifted its holdings in Live Nation Entertainment by 3.7% in the fourth quarter. Amundi now owns 1,089,290 shares of the company’s stock valued at $141,945,000 after acquiring an additional 39,302 shares during the period. Wealthfront Advisers LLC lifted its holdings in Live Nation Entertainment by 595.3% in the fourth quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company’s stock valued at $5,140,000 after acquiring an additional 33,980 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Live Nation Entertainment in the fourth quarter valued at $226,000. Charles Schwab Investment Management Inc. increased its position in shares of Live Nation Entertainment by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock valued at $106,319,000 after buying an additional 107,844 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Live Nation Entertainment by 392.4% in the third quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock valued at $1,898,000 after buying an additional 13,815 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael Rowles sold 63,136 shares of the business’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 value of $9,811,334.40. Following the completion of the sale, the executive vice president now directly owns 195,346 shares in the company, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian Capo sold 5,066 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 owns 10,549 shares of the company’s stock, 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. Insiders have sold 68,702 shares of company stock worth $10,497,143 in the last three months. 2.72% of the stock is owned by insiders.

Live Nation Entertainment Price Performance

LYV stock opened at $119.25 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75. The stock’s 50 day moving average is $139.52 and its two-hundred day moving average is $126.83. The company has a market capitalization of $27.83 billion, a PE ratio of 43.84, a P/E/G ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data 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 return on equity of 139.09% and a net margin of 3.90%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LYV has been the subject of a number of research analyst reports. Guggenheim raised their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Benchmark reiterated a “buy” rating and set a $160.00 price objective on shares of Live Nation Entertainment in a research report on Thursday, February 20th. Morgan Stanley raised their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.27.

About Live Nation Entertainment

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.