10,475 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,475 shares of the company’s stock, valued at approximately $1,357,000.

A number of other institutional investors have also made changes to their positions in LYV. Principal Financial Group Inc. increased its holdings in shares of Live Nation Entertainment by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock worth $787,950,000 after acquiring an additional 87,032 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Live Nation Entertainment by 14.9% during the 3rd quarter. CIBC Asset Management Inc now owns 24,916 shares of the company’s stock worth $2,728,000 after acquiring an additional 3,231 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Live Nation Entertainment by 392.4% during the 3rd quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock worth $1,898,000 after acquiring an additional 13,815 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Live Nation Entertainment by 12.0% during the 3rd quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock worth $7,279,000 after acquiring an additional 7,136 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Live Nation Entertainment by 7.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 19,281 shares of the company’s stock valued at $2,111,000 after buying an additional 1,320 shares in the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 500 shares of Live Nation Entertainment stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the sale, the director now directly owns 52,624 shares of the company’s stock, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40. Following the sale, the executive vice president now directly owns 195,346 shares in the company, valued at $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,702 shares of company stock worth $10,497,143 over the last 90 days. Insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Benchmark reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. Macquarie upped their price objective on Live Nation Entertainment from $146.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Finally, Guggenheim upped their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $122.51 on Thursday. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $157.75. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The business’s 50-day moving average price is $139.01 and its two-hundred day moving average price is $127.12. The stock has a market cap of $28.59 billion, a PE ratio of 45.04, a P/E/G ratio of 1.81 and a beta of 1.38.

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

Live Nation Entertainment Company 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.