Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its position in Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,006 shares of the company’s stock after selling 2,701 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Live Nation Entertainment were worth $7,640,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LYV. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Live Nation Entertainment by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,075 shares of the company’s stock valued at $2,126,000 after purchasing an additional 1,120 shares during the last quarter. Raymond James Trust N.A. lifted its position in Live Nation Entertainment by 4.3% in the 1st quarter. Raymond James Trust N.A. now owns 3,139 shares of the company’s stock valued at $369,000 after purchasing an additional 130 shares during the last quarter. Cibc World Market Inc. bought a new stake in Live Nation Entertainment in the 1st quarter valued at about $421,000. Vontobel Holding Ltd. lifted its position in Live Nation Entertainment by 31.0% in the 1st quarter. Vontobel Holding Ltd. now owns 2,362 shares of the company’s stock valued at $279,000 after purchasing an additional 559 shares during the last quarter. Finally, Prudential PLC bought a new stake in Live Nation Entertainment in the 1st quarter valued at about $294,000. 70.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LYV shares. Guggenheim raised their target price on shares of Live Nation Entertainment from $124.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Morgan Stanley raised shares of Live Nation Entertainment from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $100.00 to $110.00 in a research note on Thursday, December 14th. Evercore ISI raised shares of Live Nation Entertainment from an “in-line” rating to an “outperform” rating and set a $100.00 target price on the stock in a research note on Thursday, October 26th. Finally, Roth Mkm raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the company from $92.00 to $114.00 in a research note on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $109.91.

Get Our Latest Research Report on LYV

Live Nation Entertainment Stock Performance

Shares of LYV opened at $89.53 on Monday. Live Nation Entertainment, Inc. has a one year low of $64.25 and a one year high of $101.74. The company has a 50-day moving average of $89.75 and a two-hundred day moving average of $86.34. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of 61.32 and a beta of 1.30. The company has a debt-to-equity ratio of 7.57, a current ratio of 1.14 and a quick ratio of 1.14.

Insiders Place Their Bets

In related news, CFO Joe Berchtold sold 119,100 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $88.11, for a total transaction of $10,493,901.00. Following the transaction, the chief financial officer now owns 442,107 shares of the company’s stock, valued at $38,954,047.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.85% of the company’s stock.

About Live Nation Entertainment

(Free Report)

Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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