Geode Capital Management LLC Grows Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Geode Capital Management LLC increased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,763,557 shares of the company's stock after buying an additional 321,832 shares during the quarter. Geode Capital Management LLC owned 1.62% of Live Nation Entertainment worth $410,664,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LYV. Brooklyn Investment Group bought a new position in shares of Live Nation Entertainment in the third quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock worth $34,000 after buying an additional 202 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Live Nation Entertainment by 67.4% during the second quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $41,000 after buying an additional 176 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at $41,000. Finally, Family Firm Inc. acquired a new stake in shares of Live Nation Entertainment during the second quarter valued at about $42,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LYV shares. Evercore ISI boosted their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Bank of America lifted their price objective on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. TD Cowen raised their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Citigroup raised their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Roth Mkm upped their price target on Live Nation Entertainment from $132.00 to $152.00 and gave the stock a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.33.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock traded up $0.11 on Friday, reaching $135.95. 1,133,265 shares of the company traded hands, compared to its average volume of 2,200,777. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $31.59 billion, a PE ratio of 144.63, a PEG ratio of 3.65 and a beta of 1.37. The company has a 50 day moving average of $125.79 and a 200 day moving average of $106.43. Live Nation Entertainment, Inc. has a 52 week low of $86.67 and a 52 week high of $141.18.

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

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.