Thursday, November 14, 2024
Daiwa Securities Group Inc. offloads 2,002,665 LYV shares.

Daiwa Securities Group Inc. offloads 2,002,665 LYV shares.

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.

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