Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 39,990 shares of the company’s stock, valued at approximately $6,770,000.
Several other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Live Nation Entertainment by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 11,095,305 shares of the company’s stock valued at $1,692,151,000 after purchasing an additional 367,624 shares during the period. Bank of America Corp DE acquired a new stake in Live Nation Entertainment during the 2nd quarter worth approximately $1,221,398,000. Canada Pension Plan Investment Board acquired a new stake in Live Nation Entertainment during the 2nd quarter worth approximately $859,018,000. Bessemer Group Inc. lifted its stake in Live Nation Entertainment by 25.8% in the first quarter. Bessemer Group Inc. now owns 2,319,123 shares of the company’s stock valued at $353,690,000 after buying an additional 475,373 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Live Nation Entertainment by 11.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,393,745 shares of the company’s stock valued at $212,502,000 after buying an additional 143,432 shares during the period. Institutional investors own 74.52% of the company’s stock.
Analyst Upgrades and Downgrades
LYV has been the subject of several research reports. Roth Capital set a $208.00 price objective on shares of Live Nation Entertainment in a research report on Friday, July 31st. Morgan Stanley upped their target price on shares of Live Nation Entertainment from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. TD Cowen reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $205.00 target price on shares of Live Nation Entertainment in a report on Friday, July 31st. Finally, UBS Group boosted their price target on Live Nation Entertainment from $181.00 to $208.00 and gave the company a “buy” rating in a report on Monday, July 20th. Twenty investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.95.
Check Out Our Latest Stock Analysis on LYV
Key Stories Impacting Live Nation Entertainment
Here are the key news stories impacting Live Nation Entertainment this week:
- Positive Sentiment: Q3 adjusted earnings were $1.69 per share, above the $1.51 consensus and up from $0.73 a year earlier. Revenue of $10.11 billion also topped the $9.60 billion estimate. The beats may support investor confidence in concert demand and the company’s operating performance. Live Nation Q3 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Management described artists taking music to more fans and said fans are showing up in record numbers, reinforcing the company’s positive demand narrative. Live Nation Entertainment Reports Third Quarter 2026 Results
- Negative Sentiment: ETF holdings data showed funds were net sellers of LYV on Nov. 3. This is a modest potential headwind, but it predates the quarterly results and may be less relevant than the earnings beat. ETFs Are Net Sellers of Live Nation
Live Nation Entertainment Price Performance
Shares of LYV opened at $180.64 on Friday. The stock has a market capitalization of $42.56 billion, a P/E ratio of -159.85 and a beta of 1.15. Live Nation Entertainment, Inc. has a twelve month low of $125.34 and a twelve month high of $189.24. The company has a 50 day moving average of $172.93 and a 200-day moving average of $167.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 8.25.
Live Nation Entertainment (NYSE:LYV – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.19. The company had revenue of $10.11 billion for the quarter, compared to the consensus estimate of $9.60 billion. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. As a group, equities research analysts forecast that Live Nation Entertainment, Inc. will post 1.06 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CAO Brian Capo sold 2,900 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $184.00, for a total value of $533,600.00. Following the completion of the transaction, the chief accounting officer owned 8,655 shares of the company’s stock, valued at approximately $1,592,520. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.89% of the company’s stock.
Live Nation Entertainment Company Profile
Live Nation Entertainment, Inc is a global live entertainment company that promotes, produces and operates concerts, music festivals and other live events. Through its Live Nation Concerts business, the company works with artists and manages event production, marketing and venue operations across a broad range of musical genres.
The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related services for concerts, sports events, performing arts programs and other live entertainment.
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