Assenagon Asset Management S.A. Buys 4,154 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Assenagon Asset Management S.A. raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,148 shares of the company's stock after acquiring an additional 4,154 shares during the period. Assenagon Asset Management S.A.'s holdings in Live Nation Entertainment were worth $4,422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment during the 3rd quarter valued at about $31,000. Reston Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment during the third quarter valued at approximately $41,000. Morse Asset Management Inc bought a new stake in shares of Live Nation Entertainment during the third quarter valued at approximately $42,000. SOA Wealth Advisors LLC. purchased a new position in Live Nation Entertainment in the 3rd quarter worth approximately $46,000. Finally, Cromwell Holdings LLC lifted 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 acquiring an additional 88 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on LYV shares. Deutsche Bank Aktiengesellschaft lifted their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Benchmark lifted their price objective on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Guggenheim raised their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Oppenheimer lifted their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group increased their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $145.40.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock traded up $3.27 during midday trading on Tuesday, hitting $138.88. The stock had a trading volume of 2,328,094 shares, compared to its average volume of 1,633,624. 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, Inc. has a 52-week low of $86.67 and a 52-week high of $141.18. The company has a market capitalization of $32.27 billion, a PE ratio of 147.75, a P/E/G ratio of 1.57 and a beta of 1.38. The firm's fifty day moving average is $133.93 and its two-hundred day moving average is $114.16.

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, topping analysts' consensus estimates of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analysts' expectations of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 earnings per share. On average, research analysts forecast that Live Nation Entertainment, Inc. will post 1.02 EPS for the current year.

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.