Profund Advisors LLC increased its stake in Live Nation Entertainment, Inc. (NYSE:LYV – Get Rating) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,650 shares of the company's stock after purchasing an additional 165 shares during the period. Profund Advisors LLC's holdings in Live Nation Entertainment were worth $202,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. William Blair Investment Management LLC boosted its stake in Live Nation Entertainment by 13.8% in the second quarter. William Blair Investment Management LLC now owns 2,477,647 shares of the company's stock worth $204,604,000 after buying an additional 300,322 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Live Nation Entertainment by 11.2% in the second quarter. Park Avenue Securities LLC now owns 2,692 shares of the company's stock worth $222,000 after buying an additional 272 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Live Nation Entertainment by 307.3% in the second quarter. First Horizon Advisors Inc. now owns 839 shares of the company's stock worth $69,000 after buying an additional 633 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Live Nation Entertainment by 380.3% in the second quarter. WINTON GROUP Ltd now owns 22,414 shares of the company's stock worth $1,851,000 after buying an additional 17,747 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Live Nation Entertainment by 41.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,455 shares of the company's stock worth $946,000 after buying an additional 3,351 shares in the last quarter. 69.90% of the stock is currently owned by institutional investors.

Live Nation Entertainment Price Performance

LYV opened at $81.52 on Friday. The stock has a fifty day simple moving average of $73.00 and a two-hundred day simple moving average of $80.55. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 12.85. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 116.46 and a beta of 1.29. Live Nation Entertainment, Inc. has a 12-month low of $65.05 and a 12-month high of $126.79.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Jefferies Financial Group dropped their price objective on Live Nation Entertainment from $120.00 to $92.00 in a research note on Thursday, December 8th. The Goldman Sachs Group dropped their price objective on Live Nation Entertainment from $130.00 to $112.00 and set a "buy" rating for the company in a research note on Friday, November 4th. Morgan Stanley dropped their price objective on Live Nation Entertainment from $95.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 30th. StockNews.com raised Live Nation Entertainment from a "hold" rating to a "buy" rating in a research note on Wednesday, October 19th. Finally, Guggenheim dropped their price objective on Live Nation Entertainment from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, October 7th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $105.67.

Insiders Place Their Bets

In other news, Director Jimmy Iovine acquired 13,740 shares of the firm's stock in a transaction on Thursday, December 1st. The stock was acquired at an average price of $73.28 per share, for a total transaction of $1,006,867.20. Following the completion of the acquisition, the director now owns 13,740 shares in the company, valued at $1,006,867.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.01% of the stock is owned by corporate insiders.

About Live Nation Entertainment

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Live Nation Entertainment, Inc operates as an entertainment company. The firm engages in producing, marketing, and selling live concerts for artists via its global concert pipe. It operates through the following segments: Concerts, Sponsorship and Advertising, and Ticketing. The Concerts segment is involved in the promotion of live music events in owned or operated venues and in rented third-party venues.

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