Rational Advisors LLC Trims Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Rational Advisors LLC reduced its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 21.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,850 shares of the company’s stock after selling 8,000 shares during the quarter. Rational Advisors LLC’s holdings in Live Nation Entertainment were worth $3,268,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares during the period. Reston Wealth Management LLC acquired a new position in Live Nation Entertainment during the third quarter worth $41,000. Cromwell Holdings LLC raised its position in Live Nation Entertainment by 25.7% in the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after acquiring an additional 88 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Live Nation Entertainment by 67.4% during the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $41,000 after purchasing an additional 176 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Live Nation Entertainment during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Buying and Selling at Live Nation Entertainment

In other news, CEO Michael Rapino sold 98,849 shares of Live Nation Entertainment stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the transaction, the chief executive officer now owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $97.64, for a total transaction of $3,417,400.00. Following the transaction, the executive vice president now directly owns 167,447 shares in the company, valued at $16,349,525.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Rapino sold 98,849 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the sale, the chief executive officer now owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,000 shares of company stock valued at $17,238,181. 2.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LYV has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Live Nation Entertainment from $121.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Macquarie boosted their price objective on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Live Nation Entertainment Price Performance

NYSE:LYV opened at $117.21 on Tuesday. The business’s 50-day moving average price is $107.03 and its 200 day moving average price is $98.30. The firm has a market cap of $27.00 billion, a P/E ratio of 110.58, a PEG ratio of 2.81 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. Live Nation Entertainment, Inc. has a 52-week low of $81.38 and a 52-week high of $119.47.

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.