3,611 Shares of Live Nation Entertainment, Inc. $LYV Bought by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,611 shares of the company’s stock, valued at approximately $611,000.

Other hedge funds have also modified their holdings of the company. Burkett Financial Services LLC bought a new stake in Live Nation Entertainment in the 2nd quarter valued at approximately $26,000. Transamerica Financial Advisors LLC acquired a new position in Live Nation Entertainment during the 2nd quarter worth approximately $27,000. Kilter Group LLC bought a new position in shares of Live Nation Entertainment during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new position in shares of Live Nation Entertainment during the 2nd quarter worth approximately $27,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Live Nation Entertainment in the second quarter valued at approximately $32,000. 74.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on LYV shares. JPMorgan Chase & Co. boosted their price objective on shares of Live Nation Entertainment from $180.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Susquehanna decreased their target price on shares of Live Nation Entertainment from $187.00 to $183.00 and set a “neutral” rating for the company in a research report on Tuesday, October 20th. Citizens Jmp raised their target price on shares of Live Nation Entertainment from $190.00 to $215.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 22nd. TD Cowen reiterated a “buy” rating on shares of Live Nation Entertainment in a research note on Monday, August 3rd. Finally, Cfra cut shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 20th. Twenty investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Live Nation Entertainment has an average rating of “Moderate Buy” and an average price target of $197.95.

Insider Activity

In other news, CAO Brian Capo sold 2,900 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 8,655 shares in the company, valued at $1,592,520. This represents a 25.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.89% of the stock is currently owned by corporate insiders.

Live Nation Entertainment Stock Performance

Shares of NYSE LYV opened at $178.95 on Wednesday. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $173.04 and a 200 day moving average price of $166.86. The stock has a market capitalization of $42.17 billion, a PE ratio of -158.36 and a beta of 1.15. Live Nation Entertainment, Inc. has a 52 week low of $125.34 and a 52 week high of $189.24.

About Live Nation Entertainment

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.