Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Gilbert & Cook Inc.

Gilbert & Cook Inc. lifted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,463 shares of the company’s stock after purchasing an additional 93 shares during the period. Gilbert & Cook Inc.’s holdings in Live Nation Entertainment were worth $707,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ValueAct Holdings L.P. acquired a new stake in shares of Live Nation Entertainment during the third quarter worth $111,094,000. PointState Capital LP acquired a new position in Live Nation Entertainment in the third quarter valued at approximately $102,762,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Live Nation Entertainment by 55.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company’s stock worth $118,147,000 after purchasing an additional 387,008 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Live Nation Entertainment by 37.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company’s stock valued at $155,851,000 after purchasing an additional 385,143 shares during the period. Finally, Geode Capital Management LLC grew its stake in Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock worth $410,664,000 after buying an additional 321,832 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock traded up $1.68 on Thursday, reaching $144.15. The company’s stock had a trading volume of 31,502 shares, compared to its average volume of 1,631,286. Live Nation Entertainment, Inc. has a twelve month low of $86.67 and a twelve month high of $144.15. The company has a market cap of $33.49 billion, a price-to-earnings ratio of 153.65, a PEG ratio of 1.61 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The business’s fifty day moving average price is $135.04 and its 200 day moving average price is $115.92.

Live Nation Entertainment (NYSE:LYVGet Free Report) last issued its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Equities analysts expect that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LYV. JPMorgan Chase & Co. increased their price target on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup increased their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Guggenheim upped their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Bank of America boosted their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two 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 company has a consensus rating of “Moderate Buy” and an average price target of $145.40.

Check Out Our Latest Report on Live Nation Entertainment

Live Nation Entertainment Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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