DHK Financial Advisors Inc. Makes New $422,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

DHK Financial Advisors Inc. bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,505 shares of the company’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. YHB Investment Advisors Inc. bought a new position in Live Nation Entertainment during the first quarter valued at $32,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock valued at $34,000 after buying an additional 202 shares during the period. Rise Advisors LLC grew its stake in shares of Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after buying an additional 159 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Live Nation Entertainment by 44.1% in the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after buying an additional 119 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Live Nation Entertainment by 67.4% during the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $41,000 after acquiring an additional 176 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,327 shares in the company, valued at $1,190,911.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $94.11, for a total transaction of $141,165.00. Following the transaction, the director now owns 59,789 shares in the company, valued at $5,626,742.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian Capo sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the sale, the chief accounting officer now owns 12,327 shares of the company’s stock, valued at $1,190,911.47. The disclosure for this sale can be found here. Insiders sold a total of 177,000 shares of company stock valued at $17,238,181 in the last quarter. 2.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LYV has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $123.00 target price on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Live Nation Entertainment from $121.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Macquarie reiterated an “outperform” rating and set a $125.00 target price on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Finally, Oppenheimer increased their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.46.

Live Nation Entertainment Stock Performance

LYV opened at $101.52 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. Live Nation Entertainment, Inc. has a 12-month low of $76.48 and a 12-month high of $107.24. The firm has a 50 day moving average of $95.03 and a two-hundred day moving average of $95.97. The firm has a market capitalization of $23.32 billion, a PE ratio of 96.69, a P/E/G ratio of 2.29 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 1.21 EPS for the current year.

About Live Nation Entertainment

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