<div id="readability-page-1"><p>Ensign Peak Advisors Inc cut its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,463 shares of the company's stock after selling 23,479 shares during the quarter. Ensign Peak Advisors Inc's holdings in Live Nation Entertainment were worth $7,824,000 at the end of the most recent quarter.</p><ul><li>Live Nation’s Revenue Funnels Deliver a Half-Billion-Dollar Beat</li></ul><p>Other hedge funds have also modified their holdings of the company. YHB Investment Advisors Inc. acquired a new stake in Live Nation Entertainment during the 1st quarter valued at $32,000. Migdal Insurance &amp; Financial Holdings Ltd. boosted its stake in shares of Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance &amp; Financial Holdings Ltd. now owns 371 shares of the company's stock valued at $34,000 after acquiring an additional 202 shares during the last quarter. Rise Advisors LLC raised its stake in Live Nation Entertainment by 90.3% in the 1st quarter. Rise Advisors LLC now owns 335 shares of the company's stock valued at $35,000 after purchasing an additional 159 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company's stock valued at $41,000 after purchasing an additional 119 shares in the last quarter. Finally, UMB Bank n.a. boosted 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 purchasing an additional 176 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts have recently weighed in on the stock. JPMorgan Chase &amp; Co. boosted their price objective on shares of Live Nation Entertainment from $116.00 to $118.00 and gave the company an &#34;overweight&#34; rating in a research report on Wednesday, July 31st. Rosenblatt Securities reissued a &#34;buy&#34; rating and set a $123.00 price target on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Macquarie reiterated an &#34;outperform&#34; rating and issued a $125.00 target price on shares of Live Nation Entertainment in a research note on Wednesday, July 31st. Northcoast Research lowered Live Nation Entertainment from a &#34;buy&#34; rating to a &#34;neutral&#34; rating in a research note on Tuesday, May 28th. Finally, Morgan Stanley restated an &#34;overweight&#34; rating and issued a $120.00 price target on shares of Live Nation Entertainment in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of &#34;Moderate Buy&#34; and an average target price of $119.46.</p><br/><ul><li>Live Nation stock rides the pent-up demand for live events </li></ul><p><b>Check Out Our Latest Research Report on LYV</b></p><h2>Insider Activity</h2><p>In related news, CEO Michael Rapino sold 98,849 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the completion of the sale, the chief executive officer now directly owns 3,702,115 shares of the company's stock, valued at approximately $360,956,212.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Ping Fu sold 1,701 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total transaction of $164,248.56. Following the completion of the transaction, the director now directly owns 15,128 shares in the company, valued at approximately $1,460,759.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Rapino sold 98,849 shares of Live Nation Entertainment stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the completion of the sale, the chief executive officer now owns 3,702,115 shares of the company's stock, valued at approximately $360,956,212.50. The disclosure for this sale can be found here. Insiders have sold 177,000 shares of company stock worth $17,238,181 over the last 90 days. Company insiders own 2.85% of the company's stock. </p><h2>Live Nation Entertainment Stock Performance</h2><ul><li>Consumer staples vs. consumer discretionary </li></ul><p>NYSE:LYV opened at $107.43 on Wednesday. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $107.96. The firm has a market capitalization of $24.68 billion, a price-to-earnings ratio of 102.31, a PEG ratio of 2.29 and a beta of 1.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. The firm's fifty day simple moving average is $95.97 and its 200 day simple moving average is $96.20. </p><p>Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. Live Nation Entertainment's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 EPS. As a group, equities research analysts expect that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year. </p><h2>Live Nation Entertainment Profile</h2> (Free Report)<p>Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship &amp; 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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Live Nation Entertainment</li><li>What is Put Option Volume?</li><li>Biohaven Stock Soars on Drug Trial Results: Time to Jump In?</li><li>Energy and Oil Stocks Explained</li><li>Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges</li></ul><p><strong>Want to see what other hedge funds are holding LYV?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Nation Entertainment, Inc. (NYSE:LYV - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxZVg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxZVg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Ensign Peak Advisors Inc reduced its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 22% in Q2, now holding 83,463 shares valued at $4,824,000. Other hedge funds also adjusted their positions, with YHB Investment Advisors acquiring a new stake and Migdal Insurance increasing its holdings by 119.5%. Analysts maintain a positive outlook, with an average target price of $83.46. CEO Michael Rapino sold 98,849 shares recently, while insiders have sold a total of 177,000 shares worth $6,238,181 in the last 90 days.</p>

Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Ensign Peak Advisors Inc