Key Takeaways
- Aster Capital Management DIFC Ltd acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
- The firm acquired 1,202 shares of the company’s stock, valued at approximately $156,000.
Aster Capital Management DIFC Ltd, a prominent hedge fund, has taken a significant stake in Live Nation Entertainment, Inc. (NYSE:LYV), the parent company of Ticketmaster, according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,202 shares of the company’s stock, valued at approximately $156,000.
Other Notable Investors
- Groupama Asset Managment acquired a new position in Live Nation Entertainment during the 4th quarter worth approximately $259,000,000.
- Norges Bank acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth approximately $255,955,000.
- Massachusetts Financial Services Co. MA boosted its stake in Live Nation Entertainment by 34.9% during the 4th quarter.
- Artisan Partners Limited Partnership raised its stake in shares of Live Nation Entertainment by 19.5% in the 4th quarter.
- Geode Capital Management LLC lifted its position in shares of Live Nation Entertainment by 9.4% during the third quarter.
In addition to Aster Capital Management, several other prominent hedge funds and institutional investors have also taken a significant stake in Live Nation Entertainment, Inc. Groupama Asset Managment acquired a new position in the company worth approximately $259,000,000, while Norges Bank acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth approximately $255,955,000. Massachusetts Financial Services Co. MA boosted its stake in Live Nation Entertainment by 34.9% during the 4th quarter, and Artisan Partners Limited Partnership raised its stake in shares of Live Nation Entertainment by 19.5% in the 4th quarter. Geode Capital Management LLC lifted its position in shares of Live Nation Entertainment by 9.4% during the third quarter.
Key Statistics
| Market Capitalization | $27.79 billion |
|---|---|
| P/E Ratio | 43.77 |
| P/E Growth Ratio | 1.81 |
| Beta | 1.31 |
Live Nation Entertainment, Inc. has a market capitalization of $27.79 billion, a price-to-earnings ratio of 43.77, a price-to-earnings-growth ratio of 1.81, and a beta of 1.31. The company has a 1-year low of $86.81 and a 1-year high of $157.75.
Financial Performance
The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of ($0.93) by $1.49. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion.
Live Nation Entertainment, Inc. last released its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of ($0.93) by $1.49.
Insider Buying and Selling
- EVP Michael Rowles sold 63,136 shares of the company’s stock in a transaction on Monday, February 24th.
- CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 11th.
- Insiders have sold a total of 68,702 shares of company stock valued at $10,497,143 in the last three months.
In related news, EVP Michael Rowles sold 63,136 shares of the company’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 transaction, the executive vice president now directly owns 195,346 shares of the company’s stock, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock.
Analyst Forecast
- Benchmark reaffirmed a “buy” rating and set a $178.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 1st.
- Macquarie lifted their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th.
- Morgan Stanley raised their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th.
- Rosenblatt Securities reaffirmed a “buy” rating and issued a $174.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st.
A number of research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and set a $178.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Macquarie lifted their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Morgan Stanley raised their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $174.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st.
Stock Performance
Live Nation Entertainment (NYSE:LYV – Get Free Report) last released its earnings results on Thursday, February 27th. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion.
The stock has a fifty day simple moving average of $136.73 and a 200 day simple moving average of $129.93.
Insider Activity
- CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 11th.
- Insiders have sold a total of 68,702 shares of company stock valued at $10,497,143 in the last three months.
In related news, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares in the company, valued at approximately $1,300,058.76. This trade represents a 32.44 % decrease in their position.
Market Analysis
Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.33.
According to MarketBeat.com, two investment analysts have rated the stock with a hold rating, while fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.33.
Stock Alerts
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For more information and insights on Live Nation Entertainment, Inc., visit HoldingsChannel.com to get the latest 13F filings and insider trades for the company.
Conclusion
Aster Capital Management DIFC Ltd has taken a significant stake in Live Nation Entertainment, Inc. in its latest Form 13F filing with the Securities and Exchange Commission (SEC). This acquisition is part of a larger trend of institutional investors taking a stake in the company. The stock has seen significant activity from insiders and analysts, with several research analysts reaffirming a “buy” rating and setting a price target of $178.00. As the market continues to analyze the company’s financial performance and growth prospects, investors should keep a close eye on Live Nation Entertainment, Inc. for future updates.
