Clal Insurance Enterprises Holdings Ltd Has $1.10 Million Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Clal Insurance Enterprises Holdings Ltd decreased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 20.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock after selling 2,500 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Live Nation Entertainment were worth $1,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Cromwell Holdings LLC raised its position in shares of Live Nation Entertainment by 25.7% in the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after buying an additional 88 shares in the last quarter. Private Advisor Group LLC raised its holdings in Live Nation Entertainment by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock valued at $352,000 after acquiring an additional 89 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Live Nation Entertainment by 1.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock valued at $728,000 after acquiring an additional 95 shares during the period. Empirical Finance LLC grew its holdings in shares of Live Nation Entertainment by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock worth $508,000 after purchasing an additional 105 shares in the last quarter. Finally, Mystic Asset Management Inc. increased its position in shares of Live Nation Entertainment by 2.1% in the second quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock worth $491,000 after purchasing an additional 110 shares during the period. Institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Macquarie upped their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. The Goldman Sachs Group increased their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citigroup lifted their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen upped their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Oppenheimer lifted their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $141.53.

Live Nation Entertainment Stock Up 1.2 %

Shares of NYSE LYV opened at $140.26 on Friday. Live Nation Entertainment, Inc. has a 1 year low of $81.38 and a 1 year high of $140.29. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $32.59 billion, a PE ratio of 149.21, a price-to-earnings-growth ratio of 3.75 and a beta of 1.33. The company has a 50 day simple moving average of $116.74 and a 200 day simple moving average of $102.18.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts forecast that Live Nation Entertainment, Inc. will post 1.04 EPS for the current year.

Insiders Place Their Bets

In other Live Nation Entertainment news, CEO Michael Rapino sold 98,849 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the completion of the transaction, the chief executive officer now owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. This trade represents a 2.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey T. Hinson sold 5,640 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $95.18, for a total transaction of $536,815.20. Following the completion of the transaction, the director now owns 53,949 shares in the company, valued at $5,134,865.82. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,799 shares of company stock valued at $16,449,718. 2.72% of the stock is currently owned by company insiders.

Live Nation Entertainment 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.