Inceptionr LLC Makes New Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Inceptionr LLC purchased a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,254 shares of the company’s stock, valued at approximately $2,364,000. Live Nation Entertainment accounts for about 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Live Nation Entertainment by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock valued at $106,319,000 after acquiring an additional 107,844 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $226,000. Empowered Funds LLC grew its position in shares of Live Nation Entertainment by 392.4% during the 3rd quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock valued at $1,898,000 after acquiring an additional 13,815 shares during the period. Friedenthal Financial acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $754,000. Finally, Natixis Advisors LLC grew its position in shares of Live Nation Entertainment by 12.0% during the 3rd quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock valued at $7,279,000 after acquiring an additional 7,136 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LYV shares. Bank of America raised their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. raised their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Evercore ISI raised their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Macquarie raised their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of 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 research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Live Nation Entertainment Trading Down 1.0 %

LYV opened at $136.73 on Thursday. 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 company’s 50 day simple moving average is $140.60 and its two-hundred day simple moving average is $125.32. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75. The firm has a market capitalization of $31.91 billion, a price-to-earnings ratio of 50.27, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. Analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity

In other news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the sale, the executive vice president now owns 195,346 shares of the company’s stock, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.72% of the company’s stock.

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.