Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC reduced its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 5.9% during the 4th quarter, Holdings Channel reports. The fund owned 3,001 shares of the company’s stock after selling 188 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Live Nation Entertainment were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in Live Nation Entertainment by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock valued at $106,319,000 after purchasing an additional 107,844 shares in the last quarter. Empowered Funds LLC raised its holdings in Live Nation Entertainment by 392.4% in the third quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock valued at $1,898,000 after acquiring an additional 13,815 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in Live Nation Entertainment in the fourth quarter worth approximately $226,000. Friedenthal Financial acquired a new position in Live Nation Entertainment during the 4th quarter worth approximately $754,000. Finally, Natixis Advisors LLC increased its position in shares of Live Nation Entertainment by 12.0% in the 3rd quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock valued at $7,279,000 after purchasing an additional 7,136 shares during the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on LYV shares. Rosenblatt Securities reiterated a “buy” rating and issued a $146.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Citigroup lifted their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Guggenheim raised their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upped their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer increased their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the completion of the transaction, the executive vice president now directly owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.72% of the company’s stock.

Live Nation Entertainment Trading Down 1.0 %

Shares of LYV opened at $136.73 on Thursday. The firm’s 50-day moving average is $140.60 and its two-hundred day moving average is $125.32. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $31.91 billion, a P/E ratio of 50.27, a PEG ratio of 1.81 and a beta of 1.38.

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

About Live Nation Entertainment

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.