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

OneDigital Investment Advisors LLC bought a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,821 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYV. Independent Franchise Partners LLP lifted its position in Live Nation Entertainment by 207.6% during the 4th quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company’s stock worth $607,871,000 after acquiring an additional 3,168,210 shares during the last quarter. Groupama Asset Managment bought a new position in shares of Live Nation Entertainment during the 4th quarter worth about $259,000,000. Norges Bank bought a new position in shares of Live Nation Entertainment during the 4th quarter worth about $255,955,000. Capital World Investors increased its holdings in shares of Live Nation Entertainment by 54.2% during the 4th quarter. Capital World Investors now owns 1,707,284 shares of the company’s stock worth $221,093,000 after purchasing an additional 599,784 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Live Nation Entertainment by 34.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,919,630 shares of the company’s stock worth $248,592,000 after purchasing an additional 496,202 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 0.4 %

Shares of NYSE LYV opened at $133.33 on Tuesday. The company’s 50 day simple moving average is $129.81 and its 200 day simple moving average is $132.01. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The firm has a market capitalization of $31.12 billion, a P/E ratio of 49.02, a P/E/G ratio of 1.81 and a beta of 1.31. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $174.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Roth Mkm upped their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark reissued a “buy” rating and issued a $178.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. The Goldman Sachs Group upped their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Susquehanna initiated coverage on shares of Live Nation Entertainment in a research note on Monday. They issued a “positive” rating and a $155.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.00.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the completion of the transaction, the director now directly owns 52,624 shares of the company’s stock, valued at approximately $6,470,120.80. The trade was a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian Capo sold 5,066 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 10,549 shares of the company’s stock, valued at approximately $1,300,058.76. The trade was 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 over the last ninety days. Company insiders own 2.72% of the company’s stock.

Live Nation Entertainment Company 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.