Live Nation Entertainment, Inc. $LYV Stock Position Lowered by Third View Private Wealth LLC

Third View Private Wealth LLC reduced its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 21.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,981 shares of the company’s stock after selling 3,574 shares during the period. Third View Private Wealth LLC’s holdings in Live Nation Entertainment were worth $2,198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Provenance Wealth Advisors LLC purchased a new position in Live Nation Entertainment in the 3rd quarter worth approximately $237,000. Gerber Kawasaki Wealth & Investment Management purchased a new stake in shares of Live Nation Entertainment in the third quarter valued at approximately $611,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Live Nation Entertainment in the third quarter valued at approximately $6,770,000. MGO One Seven LLC increased its holdings in shares of Live Nation Entertainment by 5.0% in the third quarter. MGO One Seven LLC now owns 1,499 shares of the company’s stock valued at $254,000 after purchasing an additional 72 shares during the last quarter. Finally, Peak Financial Advisors LLC lifted its position in Live Nation Entertainment by 16.5% during the third quarter. Peak Financial Advisors LLC now owns 13,377 shares of the company’s stock worth $2,265,000 after buying an additional 1,892 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LYV. UBS Group boosted their price objective on Live Nation Entertainment from $181.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $205.00 target price on shares of Live Nation Entertainment in a research note on Friday, July 31st. Wells Fargo & Company lifted their price target on Live Nation Entertainment from $199.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. The Goldman Sachs Group boosted their price target on shares of Live Nation Entertainment from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Benchmark upped their price objective on shares of Live Nation Entertainment from $190.00 to $215.00 and gave the company a “buy” rating in a report on Friday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.95.

Live Nation Entertainment Stock Up 1.0%

Shares of NYSE LYV opened at $178.95 on Wednesday. The company has a market capitalization of $42.17 billion, a P/E ratio of -158.36 and a beta of 1.15. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50 day simple moving average of $173.04 and a 200-day simple moving average of $166.86. Live Nation Entertainment, Inc. has a 1 year low of $125.34 and a 1 year high of $189.24.

Insiders Place Their Bets

In other Live Nation Entertainment news, CAO Brian Capo sold 2,900 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $184.00, for a total transaction of $533,600.00. Following the completion of the sale, the chief accounting officer owned 8,655 shares of the company’s stock, valued at $1,592,520. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.89% of the company’s stock.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc is a global live entertainment company that promotes, produces and operates concerts, music festivals and other live events. Through its Live Nation Concerts business, the company works with artists and manages event production, marketing and venue operations across a broad range of musical genres.

The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related services for concerts, sports events, performing arts programs and other live entertainment.