Forsta AP Fonden Has $10.23 Million Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Forsta AP Fonden decreased its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,000 shares of the company's stock after selling 5,500 shares during the quarter. Forsta AP Fonden's holdings in Live Nation Entertainment were worth $10,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in Live Nation Entertainment during the 3rd quarter worth about $31,000. World Investment Advisors LLC acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $38,000. Reston Wealth Management LLC bought a new position in Live Nation Entertainment in the third quarter valued at approximately $41,000. Morse Asset Management Inc acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth approximately $42,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Live Nation Entertainment during the 4th quarter worth approximately $44,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

NYSE LYV traded up $0.58 during trading on Friday, reaching $144.64. The company's stock had a trading volume of 1,997,705 shares, compared to its average volume of 1,723,565. The firm has a 50 day moving average price of $135.23 and a 200 day moving average price of $116.44. Live Nation Entertainment, Inc. has a 12 month low of $86.67 and a 12 month high of $145.33. The firm has a market capitalization of $33.61 billion, a price-to-earnings ratio of 153.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion during the quarter, compared to analysts' expectations of $7.75 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. Live Nation Entertainment's revenue was down 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LYV has been the topic of a number of recent analyst reports. Oppenheimer boosted their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price objective on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. StockNews.com raised Live Nation Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Evercore ISI lifted their target price on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.40.

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.