Artisan Partners Limited Partnership Has $353.95 Million Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Artisan Partners Limited Partnership grew its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,733,176 shares of the company’s stock after acquiring an additional 445,704 shares during the period. Artisan Partners Limited Partnership owned 1.18% of Live Nation Entertainment worth $353,946,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in shares of Live Nation Entertainment in the third quarter valued at $31,000. World Investment Advisors LLC acquired a new position in shares of Live Nation Entertainment in the 3rd quarter valued at approximately $38,000. Murphy & Mullick Capital Management Corp bought a new stake in Live Nation Entertainment during the fourth quarter worth $40,000. Morse Asset Management Inc bought a new position in Live Nation Entertainment in the third quarter valued at about $42,000. Finally, Golden State Wealth Management LLC bought a new position in Live Nation Entertainment in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $126.92 on Thursday. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market cap of $29.62 billion, a P/E ratio of 46.66, a P/E/G ratio of 1.81 and a beta of 1.38. The company has a 50 day moving average of $138.45 and a 200 day moving average of $128.18.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. As a group, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LYV has been the topic of a number of research reports. Rosenblatt Securities reissued a “buy” rating and set a $146.00 target price on shares of Live Nation Entertainment in a report on Tuesday, February 18th. The Goldman Sachs Group boosted their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Bank of America boosted their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Morgan Stanley raised their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Macquarie upped their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.27.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the completion of the sale, the director now owns 52,624 shares of the company’s stock, valued at $6,470,120.80. This represents a 0.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Rowles sold 63,136 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock worth $10,497,143 over the last 90 days. Corporate insiders own 2.72% of the company’s stock.

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.