Daiwa Securities Group Inc. Has $1.78 Million Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Daiwa Securities Group Inc. raised its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 31.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,033 shares of the company’s stock after buying an additional 4,574 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Live Nation Entertainment were worth $1,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of Live Nation Entertainment by 148.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Live Nation Entertainment during the third quarter worth approximately $33,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Live Nation Entertainment by 9,800.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after buying an additional 490 shares during the last quarter. Tobam acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth approximately $59,000. Finally, Headlands Technologies LLC acquired a new position in shares of Live Nation Entertainment during the third quarter worth approximately $88,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

Shares of NYSE:LYV opened at $88.45 on Tuesday. The business’s fifty day moving average price is $98.99 and its two-hundred day moving average price is $91.52. Live Nation Entertainment, Inc. has a fifty-two week low of $64.96 and a fifty-two week high of $107.24. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of 66.50 and a beta of 1.30. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. As a group, analysts predict that Live Nation Entertainment, Inc. will post 1.63 EPS for the current fiscal year.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the sale, the director now owns 59,374 shares in the company, valued at $5,967,087. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.85% of the company’s stock.

Analyst Upgrades and Downgrades

LYV has been the subject of a number of recent research reports. Rosenblatt Securities cut their target price on Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. TD Cowen restated a “buy” rating and issued a $108.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Morgan Stanley upped their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Roth Capital upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.70.

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.