Live Nation Entertainment, Inc. (NYSE:LYV) Receives $142.13 Average Price Target from Analysts

Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $142.13.

LYV has been the topic of a number of research reports. TD Cowen upped their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. StockNews.com upgraded shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price objective on Live Nation Entertainment from $118.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Finally, Roth Mkm boosted their target price on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th.

Insider Activity

In other Live Nation Entertainment 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 value of $9,637,777.50. Following the completion of the sale, the chief executive officer now directly owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. This trade represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joe Berchtold sold 29,310 shares of Live Nation Entertainment stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the completion of the sale, the chief financial officer now directly owns 566,722 shares of the company's stock, valued at approximately $55,255,395. This trade represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,799 shares of company stock valued at $16,449,718. 2.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Live Nation Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Live Nation Entertainment during the 3rd quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Live Nation Entertainment by 119.5% in the 2nd 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. Reston Wealth Management LLC bought a new stake in Live Nation Entertainment during the third quarter worth $41,000. Morse Asset Management Inc bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth $42,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Live Nation Entertainment during the third quarter worth about $46,000. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Stock Performance

Shares of NYSE LYV traded up $2.09 during mid-day trading on Friday, reaching $136.76. 2,142,263 shares of the company were exchanged, compared to its average volume of 3,003,626. The stock has a market capitalization of $31.78 billion, a P/E ratio of 145.50, a P/E/G ratio of 3.45 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The company's 50-day simple moving average is $123.33 and its 200-day simple moving average is $105.06. Live Nation Entertainment has a twelve month low of $82.25 and a twelve month high of $141.18.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.78 earnings per share. As a group, research analysts predict that Live Nation Entertainment 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.