Live Nation Entertainment, Inc. $LYV Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lowered its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 83.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,150 shares of the company’s stock after selling 16,250 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Live Nation Entertainment were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in shares of Live Nation Entertainment by 22.1% during the third quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock valued at $1,589,196,000 after purchasing an additional 1,763,511 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in Live Nation Entertainment in the 3rd quarter worth about $1,606,000. Profund Advisors LLC raised its holdings in Live Nation Entertainment by 51.1% during the 3rd quarter. Profund Advisors LLC now owns 11,141 shares of the company’s stock worth $1,820,000 after buying an additional 3,767 shares during the period. EFG Asset Management North America Corp. purchased a new stake in Live Nation Entertainment during the third quarter valued at about $1,191,000. Finally, J. Safra Sarasin Holding AG acquired a new position in shares of Live Nation Entertainment in the third quarter worth about $2,015,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $157.83 on Friday. The firm has a market cap of $37.06 billion, a P/E ratio of -657.63, a PEG ratio of 19.28 and a beta of 1.18. The company has a debt-to-equity ratio of 8.51, a current ratio of 1.00 and a quick ratio of 1.00. Live Nation Entertainment, Inc. has a fifty-two week low of $112.88 and a fifty-two week high of $175.25. The stock’s 50-day moving average is $147.59 and its two-hundred day moving average is $150.45.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($1.00) by ($0.06). The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.12 billion. Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. Analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Key Headlines Impacting Live Nation Entertainment

Here are the key news stories impacting Live Nation Entertainment this week:

• Positive Sentiment: Deutsche Bank raised its price target to $180 and reaffirmed a “buy” rating, implying material upside from recent levels; this upgrade likely supports buying momentum. Deutsche Bank adjusts Live Nation Entertainment PT to $180 from $160, maintains buy rating
• Positive Sentiment: Wells Fargo initiated coverage with an “overweight” rating and a $204 price target (significant upside), and that initiation has been reported broadly — a catalyst for institutional interest and likely contributor to today’s upward move. Wells Fargo initiates coverage of Live Nation Entertainment (LYV) with overweight recommendation
• Positive Sentiment: Zacks flagged an upgrade to “strong-buy” (coverage citing recent analyst activity), which may amplify retail/investor attention and short-term buying. Zacks.com
• Neutral Sentiment: Analyst and media coverage is also highlighting a shifting investment thesis — growth plans and consolidation opportunities vs. regulatory questions — producing a mixed narrative that can sustain volatility as investors price risk/reward. How The Live Nation (LYV) Investment Story Is Shifting With Growth Plans And Regulatory Questions
• Negative Sentiment: The DOJ antitrust case moves forward with jury selection imminent; while the judge pared some government claims, the trial creates regulatory overhang and potential liability that could pressure sentiment and valuation. Justice Department Blasts Live Nation’s ‘Desperate Attempt’ To Halt Anti-Monopoly Trial—Days Before It Begins
• Negative Sentiment: Halper Sadeh LLC announced a shareholder inquiry into potential fiduciary breaches by officers and directors, signaling possible litigation or governance scrutiny that could be a drag if it escalates. HALPER SADEH LLC ENCOURAGES LIVE NATION ENTERTAINMENT, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LYV shares. Morgan Stanley restated an “overweight” rating and set a $185.00 price target on shares of Live Nation Entertainment in a report on Friday, February 20th. Evercore reiterated an “outperform” rating and set a $198.00 price target on shares of Live Nation Entertainment in a report on Friday, February 20th. Sanford C. Bernstein increased their price objective on Live Nation Entertainment from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Bank of America lifted their target price on Live Nation Entertainment from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Guggenheim reduced their price target on shares of Live Nation Entertainment from $172.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.90.

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.