Asset Management One Co. Ltd. Sells 333 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Asset Management One Co. Ltd. lessened its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,597 shares of the company’s stock after selling 333 shares during the period. Asset Management One Co. Ltd.’s holdings in Live Nation Entertainment were worth $6,854,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Live Nation Entertainment by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,371 shares of the company’s stock valued at $3,847,000 after acquiring an additional 2,173 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Live Nation Entertainment by 442.1% in the first quarter. Janney Montgomery Scott LLC now owns 12,583 shares of the company’s stock valued at $1,331,000 after acquiring an additional 10,262 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Live Nation Entertainment by 3.7% during the first quarter. Empirical Finance LLC now owns 4,819 shares of the company’s stock worth $510,000 after buying an additional 174 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Live Nation Entertainment by 27.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,678 shares of the company’s stock worth $495,000 after buying an additional 1,002 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Live Nation Entertainment during the first quarter worth $281,000. Institutional investors own 74.52% of the company’s stock.

Insider Activity at Live Nation Entertainment

In other news, Director Ping Fu sold 1,701 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $96.56, for a total value of $164,248.56. Following the sale, the director now owns 15,128 shares of the company’s stock, valued at approximately $1,460,759.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Live Nation Entertainment news, Director Ping Fu sold 1,701 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $96.56, for a total transaction of $164,248.56. Following the transaction, the director now owns 15,128 shares of the company’s stock, valued at approximately $1,460,759.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Rapino sold 98,849 shares of Live Nation Entertainment stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the completion of the sale, the chief executive officer now owns 3,702,115 shares of the company’s stock, valued at $360,956,212.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,000 shares of company stock valued at $17,238,181 over the last 90 days. 2.72% of the stock is owned by corporate insiders.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $124.60 on Friday. Live Nation Entertainment, Inc. has a 1-year low of $81.38 and a 1-year high of $127.64. The firm’s 50 day simple moving average is $109.01 and its two-hundred day simple moving average is $99.06. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $28.70 billion, a P/E ratio of 117.55, a P/E/G ratio of 2.81 and a beta of 1.33.

Analyst Upgrades and Downgrades

LYV has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Roth Mkm upped their price objective on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Macquarie boosted their target price on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Oppenheimer upped their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Live Nation Entertainment from $122.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.73.

Live Nation Entertainment 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.