Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 252,264 shares of the company’s stock after purchasing an additional 28,288 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Live Nation Entertainment worth $32,666,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Live Nation Entertainment by 17.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 493 shares of the company’s stock valued at $65,000 after purchasing an additional 75 shares during the last quarter. SOA Wealth Advisors LLC. boosted its holdings in Live Nation Entertainment by 19.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $65,000 after acquiring an additional 80 shares during the last quarter. Western Pacific Wealth Management LP grew its position in Live Nation Entertainment by 10.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock valued at $112,000 after acquiring an additional 82 shares during the period. UMB Bank n.a. increased its stake in Live Nation Entertainment by 21.2% during the fourth quarter. UMB Bank n.a. now owns 532 shares of the company’s stock worth $69,000 after acquiring an additional 93 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its holdings in shares of Live Nation Entertainment by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company’s stock worth $707,000 after purchasing an additional 93 shares during the period. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey T. Hinson sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the sale, the director now owns 52,624 shares of the company’s stock, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brian Capo sold 5,066 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now owns 10,549 shares of the company’s stock, valued at approximately $1,300,058.76. The trade was a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock valued at $10,497,143 over the last quarter. Insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

LYV has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley raised their target price 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. Macquarie upped their price target on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a research report on Thursday, February 20th. Finally, Roth Mkm upped their target price on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

Live Nation Entertainment Stock Down 2.4 %

Shares of NYSE:LYV opened at $125.05 on Friday. The company has a fifty day simple moving average of $138.14 and a 200 day simple moving average of $128.62. The firm has a market cap of $29.19 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. 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.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.93) by $1.49. The business 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%. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Live Nation Entertainment Company 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.