Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,052 shares of the company’s stock after buying an additional 676 shares during the period. Coldstream Capital Management Inc.’s holdings in Live Nation Entertainment were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new stake in Live Nation Entertainment in the third quarter valued at approximately $38,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Live Nation Entertainment during the 4th quarter worth $40,000. Morse Asset Management Inc acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter worth $42,000. Golden State Wealth Management LLC acquired a new position in Live Nation Entertainment in the fourth quarter valued at $42,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Live Nation Entertainment during the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Insider Buying and Selling at Live Nation Entertainment

In related news, 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 transaction 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 represents a 32.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the sale, the director now owns 52,624 shares in the company, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,702 shares of company stock worth $10,497,143 over the last 90 days. Insiders own 2.72% of the company’s stock.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $132.40 on Thursday. The stock has a market capitalization of $30.90 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 1.81 and a beta of 1.31. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The company’s 50-day simple moving average is $129.07 and its 200-day simple moving average is $132.01. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $178.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 1st. JPMorgan Chase & Co. increased their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Roth Mkm upped their price target on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. The Goldman Sachs Group raised their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Macquarie upped their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.00.

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.