Mizuho Securities USA LLC Purchases 4,706 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Mizuho Securities USA LLC grew its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 46.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,862 shares of the company’s stock after purchasing an additional 4,706 shares during the quarter. Mizuho Securities USA LLC’s holdings in Live Nation Entertainment were worth $1,925,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Live Nation Entertainment by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock worth $787,950,000 after buying an additional 87,032 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake 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 worth $2,111,000 after purchasing an additional 1,320 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Live Nation Entertainment in the 3rd quarter valued at $441,000. PNC Financial Services Group Inc. grew its position in shares of Live Nation Entertainment by 23.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 21,022 shares of the company’s stock valued at $2,302,000 after purchasing an additional 3,976 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Live Nation Entertainment by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock worth $106,319,000 after buying an additional 107,844 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LYV shares. Benchmark reissued a “buy” rating and set a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. Bank of America boosted their price target on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Macquarie raised their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $146.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.27.

Live Nation Entertainment Stock Performance

Shares of NYSE:LYV opened at $127.36 on Tuesday. The firm has a fifty day simple moving average of $138.67 and a two-hundred day simple moving average of $127.95. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week 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 stock has a market capitalization of $29.73 billion, a P/E ratio of 46.83, 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, beating the consensus estimate of ($0.93) by $1.49. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of the 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 directly owns 52,624 shares in the company, valued at $6,470,120.80. This represents a 0.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was 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 of the company’s stock, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,702 shares of company stock worth $10,497,143 in the last 90 days. 2.72% of the stock is owned by corporate 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.