Friedenthal Financial Takes Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Friedenthal Financial acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,825 shares of the company's stock, valued at approximately $754,000.

A number of other large investors also recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $31,000. Reston Wealth Management LLC acquired a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $41,000. Morse Asset Management Inc purchased a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $42,000. SOA Wealth Advisors LLC. acquired a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $46,000. Finally, Cromwell Holdings LLC boosted its position in Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company's stock valued at $47,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Stock Performance

NYSE:LYV traded up $2.30 during mid-day trading on Monday, reaching $130.81. 1,286,251 shares of the stock were exchanged, compared to its average volume of 1,689,193. The stock has a market capitalization of $30.39 billion, a P/E ratio of 139.16, a P/E/G ratio of 3.68 and a beta of 1.38. Live Nation Entertainment, Inc. has a 1 year low of $86.67 and a 1 year high of $141.18. The company has a 50 day simple moving average of $132.66 and a 200-day simple moving average of $112.48. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. Live Nation Entertainment's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS. Analysts anticipate that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the company a "buy" rating in a report on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Guggenheim increased their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, Oppenheimer lifted their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $145.40.

Live Nation Entertainment Profile

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.