Mirae Asset Global Investments Co. Ltd. Acquires 281 Shares of Live Nation Entertainment, Inc. (LYV)

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Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,875 shares of the company’s stock after acquiring an additional 281 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Live Nation Entertainment were worth $437,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LYV. Exane Derivatives acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth $32,000. Hanseatic Management Services Inc. lifted its holdings in shares of Live Nation Entertainment by 52.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the company’s stock worth $59,000 after purchasing an additional 411 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Live Nation Entertainment by 6,602.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,565,158 shares of the company’s stock worth $72,000 after purchasing an additional 3,511,969 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth $77,000. Finally, Whittier Trust Co. lifted its holdings in shares of Live Nation Entertainment by 1,535.4% during the fourth quarter. Whittier Trust Co. now owns 1,570 shares of the company’s stock worth $77,000 after purchasing an additional 1,474 shares during the period. Institutional investors own 68.95% of the company’s stock.

In related news, CEO Michael Rapino sold 85,000 shares of Live Nation Entertainment stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $47.93, for a total transaction of $4,074,050.00. Following the completion of the transaction, the chief executive officer now owns 797,030 shares of the company’s stock, valued at $38,201,647.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 255,000 shares of company stock valued at $12,736,400 in the last three months. 5.19% of the stock is owned by insiders.

Shares of NYSE LYV opened at $63.46 on Friday. Live Nation Entertainment, Inc. has a twelve month low of $35.94 and a twelve month high of $64.45. The firm has a market cap of $13.33 billion, a P/E ratio of -705.11 and a beta of 1.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.04.

A number of equities analysts have recently commented on the stock. Citigroup lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $59.00 to $63.00 in a report on Friday. They noted that the move was a valuation call. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “strong-buy” rating and set a $63.00 target price for the company in a research note on Thursday, February 14th. Finally, Macquarie reissued a “buy” rating and set a $60.00 target price on shares of Live Nation Entertainment in a research note on Thursday, November 22nd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Live Nation Entertainment has an average rating of “Buy” and a consensus target price of $58.61.

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Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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