3,900 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,900 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds also recently made changes to their positions in LYV. Brooklyn Investment Group purchased a new stake in shares of Live Nation Entertainment during the third quarter valued at $31,000. World Investment Advisors LLC acquired a new stake in Live Nation Entertainment during the 3rd quarter worth about $38,000. Murphy & Mullick Capital Management Corp purchased a new stake in Live Nation Entertainment during the fourth quarter valued at about $40,000. Morse Asset Management Inc acquired a new position in shares of Live Nation Entertainment in the third quarter worth about $42,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Live Nation Entertainment in the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 0.1 %

Shares of LYV stock opened at $126.92 on Thursday. The company has a market capitalization of $29.62 billion, a price-to-earnings ratio of 46.66, a PEG ratio of 1.81 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 stock’s 50 day simple moving average is $138.45 and its 200 day simple moving average is $128.18. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. As a group, research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LYV shares. Morgan Stanley raised 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 note on Tuesday, February 18th. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of Live Nation Entertainment in a report on Thursday, February 20th. Macquarie increased their price objective on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Roth Mkm lifted their target price on Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group increased their price target on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.27.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the transaction, the director now owns 52,624 shares in the company, valued at approximately $6,470,120.80. The trade was a 0.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Brian Capo sold 5,066 shares of the 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 approximately $1,300,058.76. The trade was a 32.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,702 shares of company stock valued at $10,497,143. 2.72% of the stock is owned by insiders.

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.