KBC Group NV boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 137.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 420,427 shares of the company’s stock after buying an additional 243,315 shares during the period. KBC Group NV’s holdings in Live Nation Entertainment were worth $17,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Swiss National Bank lifted its holdings in Live Nation Entertainment by 138.2% in the fourth quarter. Swiss National Bank now owns 532,400 shares of the company’s stock valued at $22,664,000 after buying an additional 308,900 shares during the period. Teacher Retirement System of Texas lifted its holdings in Live Nation Entertainment by 259.3% in the fourth quarter. Teacher Retirement System of Texas now owns 39,601 shares of the company’s stock valued at $1,686,000 after buying an additional 28,578 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Live Nation Entertainment in the fourth quarter valued at approximately $832,000. Cadence Capital Management LLC acquired a new position in Live Nation Entertainment in the fourth quarter valued at approximately $1,258,000. Finally, Boston Financial Mangement LLC lifted its holdings in Live Nation Entertainment by 1.4% in the fourth quarter. Boston Financial Mangement LLC now owns 327,961 shares of the company’s stock valued at $13,961,000 after buying an additional 4,446 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Several equities analysts recently weighed in on LYV shares. Jefferies Group restated a “buy” rating and issued a $42.00 price objective on shares of Live Nation Entertainment in a report on Monday, October 16th. Macquarie restated a “buy” rating and issued a $52.00 price objective on shares of Live Nation Entertainment in a report on Wednesday, January 17th. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, October 24th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. Finally, Citigroup downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Saturday, December 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $44.57.

In other news, COO Joe Berchtold sold 20,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $45.50, for a total transaction of $910,000.00. Following the completion of the sale, the chief operating officer now owns 97,918 shares of the company’s stock, valued at $4,455,269. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Rapino sold 70,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $44.93, for a total transaction of $3,145,100.00. Following the sale, the chief executive officer now directly owns 185,277 shares of the company’s stock, valued at approximately $8,324,495.61. The disclosure for this sale can be found here. Insiders have sold 900,000 shares of company stock valued at $40,215,600 in the last three months. 4.77% of the stock is owned by insiders.

Shares of Live Nation Entertainment, Inc. (NYSE LYV) opened at $42.74 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. Live Nation Entertainment, Inc. has a 12-month low of $28.00 and a 12-month high of $46.99. The stock has a market cap of $8,838.63, a price-to-earnings ratio of 2,138.07 and a beta of 1.01.

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Live Nation Entertainment Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

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

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