Invesco LLC Purchases New Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Invesco LLC acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,773 shares of the company's stock, valued at approximately $230,000.

A number of other institutional investors also recently modified their holdings of LYV. Principal Financial Group Inc. lifted its position in shares of Live Nation Entertainment by 1.2% during the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock worth $787,950,000 after acquiring an additional 87,032 shares in the last quarter. Geode Capital Management LLC boosted its stake in Live Nation Entertainment by 9.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock worth $410,664,000 after purchasing an additional 321,832 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Live Nation Entertainment by 37.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company's stock valued at $155,851,000 after buying an additional 385,143 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Live Nation Entertainment by 55.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company's stock valued at $118,147,000 after buying an additional 387,008 shares during the period. Finally, ValueAct Holdings L.P. purchased a new stake in shares of Live Nation Entertainment in the third quarter worth about $111,094,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LYV shares. Deutsche Bank Aktiengesellschaft lifted their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Bank of America increased their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Macquarie lifted their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the company an "outperform" rating in a research note on Friday, November 15th. TD Cowen boosted their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group raised their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Two equities 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, Live Nation Entertainment has an average rating of "Moderate Buy" and a consensus target price of $145.40.

Live Nation Entertainment Stock Performance

NYSE LYV traded up $1.63 on Thursday, hitting $144.10. 1,504,729 shares of the company traded hands, compared to its average volume of 1,709,137. The business's 50 day moving average price is $135.04 and its 200-day moving average price is $115.92. Live Nation Entertainment, Inc. has a 52-week low of $86.67 and a 52-week high of $144.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a market capitalization of $33.48 billion, a price-to-earnings ratio of 153.30, a P/E/G ratio of 1.61 and a beta of 1.38.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the previous year, the company posted $1.78 EPS. The firm's revenue was down 6.2% on a year-over-year basis. Equities analysts expect that Live Nation Entertainment, Inc. will post 1.02 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.