Asset Management One Co. Ltd. lessened its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,939 shares of the company's stock after selling 1,658 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Live Nation Entertainment were worth $8,035,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Live Nation Entertainment by 1.2% during the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock worth $787,950,000 after purchasing an additional 87,032 shares during the period. Geode Capital Management LLC grew its stake in shares of Live Nation Entertainment by 9.4% in the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock valued at $410,664,000 after acquiring an additional 321,832 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Live Nation Entertainment by 37.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company's stock valued at $155,851,000 after acquiring an additional 385,143 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Live Nation Entertainment by 55.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company's stock worth $118,147,000 after buying an additional 387,008 shares in the last quarter. Finally, ValueAct Holdings L.P. acquired a new stake in Live Nation Entertainment during the third quarter worth about $111,094,000. Institutional investors and hedge funds own 74.52% of the company's stock.
NYSE LYV opened at $153.80 on Tuesday. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $153.94. The stock has a market cap of $35.73 billion, a P/E ratio of 163.61, a P/E/G ratio of 1.73 and a beta of 1.38. The stock's fifty day moving average price is $137.85 and its 200-day moving average price is $120.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.
A number of brokerages recently issued reports on LYV. The Goldman Sachs Group raised their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Benchmark lifted their price target on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. TD Cowen lifted 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, Deutsche Bank Aktiengesellschaft boosted their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.60.
View Our Latest Stock Report on LYV
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.
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