Czech National Bank Raises Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Czech National Bank raised its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 6.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,999 shares of the company's stock after purchasing an additional 2,095 shares during the period. Czech National Bank's holdings in Live Nation Entertainment were worth $4,403,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LYV. Cromwell Holdings LLC increased its holdings in Live Nation Entertainment by 25.7% during 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. Private Advisor Group LLC grew its position in shares of Live Nation Entertainment by 2.8% in the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company's stock valued at $352,000 after purchasing an additional 89 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Live Nation Entertainment by 1.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company's stock worth $728,000 after purchasing an additional 95 shares during the last quarter. Empirical Finance LLC lifted its stake in Live Nation Entertainment by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company's stock valued at $508,000 after buying an additional 105 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its holdings in Live Nation Entertainment by 3.2% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 3,840 shares of the company's stock valued at $360,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company's stock.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. StockNews.com raised shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Roth Mkm boosted their price target on Live Nation Entertainment from $132.00 to $152.00 and gave the company a "buy" rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their price objective on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $145.40.

Live Nation Entertainment Trading Up 0.1 %

Shares of LYV stock traded up $0.15 during mid-day trading on Thursday, reaching $133.52. The company's stock had a trading volume of 1,229,730 shares, compared to its average volume of 1,605,513. 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 firm has a market capitalization of $31.02 billion, a PE ratio of 142.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. The company's 50 day simple moving average is $133.08 and its 200-day simple moving average is $112.89. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $141.18.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS 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 company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the company posted $1.78 earnings per share. The firm's revenue was down 6.2% compared to the same quarter last year. On average, research analysts predict that Live Nation Entertainment, Inc. will post 1.02 EPS for the current fiscal 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.