Mind Uncharted Explore. Discover. Learn.
Daiwa Securities Group Inc. reduced its holdings in Live Nation Entertainment, Inc. by 99.3% in the first quarter, according to its recent filing with the Securities and Exchange Commission. The institutional investor sold 2,002,665 shares, leaving them with 14,446 shares worth $1,012,000 at the end of the reporting period. Other institutional investors such as Vanguard Group Inc., Select Equity Group L.P., Principal Financial Group Inc., Price T Rowe Associates Inc. MD, and Victory Capital Management Inc. have also made changes to their positions in Live Nation Entertainment. The stock opened at $96.97 on Friday, with a 12-month low of $64.25 and a 12-month high of $99.66. The company’s fifty-day simple moving average is $87.97 and its 200-day simple moving average is $77.95. Live Nation Entertainment last reported its quarterly earnings on May 4th, posting earnings per share of ($0.25), beating the consensus estimate of ($0.45). The company had revenue of $3.13 billion for the quarter, surpassing the consensus estimate of $2.24 billion. Wall Street analysts have weighed in on LYV and given the stock an average rating of “Moderate Buy” with a consensus target price of $103.25. Live Nation Entertainment operates as a live entertainment company, promoting live music events, managing music venues, producing music festivals, and offering management services to artists.
