Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC lowered its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,525 shares of the company’s stock after selling 797 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Live Nation Entertainment were worth $1,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its stake in shares of Live Nation Entertainment by 148.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Live Nation Entertainment during the third quarter worth about $33,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Live Nation Entertainment by 9,800.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares during the last quarter. Tobam purchased a new position in shares of Live Nation Entertainment during the fourth quarter worth about $59,000. Finally, Signaturefd LLC grew its holdings in shares of Live Nation Entertainment by 41.0% during the fourth quarter. Signaturefd LLC now owns 1,045 shares of the company’s stock worth $98,000 after purchasing an additional 304 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares in the company, valued at approximately $5,967,087. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.85% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $89.83 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 9.30. The company has a market cap of $20.73 billion, a P/E ratio of 67.54 and a beta of 1.30. Live Nation Entertainment, Inc. has a 52 week low of $65.20 and a 52 week high of $107.24. The company has a 50-day moving average price of $98.87 and a 200 day moving average price of $91.56.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. Research analysts predict that Live Nation Entertainment, Inc. will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LYV. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 23rd. Rosenblatt Securities dropped their price objective on Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. TD Cowen reissued a “buy” rating and set a $108.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 16th. Oppenheimer raised their price target on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Finally, Morgan Stanley raised their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.30.

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.