Live Nation Entertainment (NYSE:LYV) Hits New 1-Year High - What's Next?

Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $142.50 and last traded at $141.81, with a volume of 201347 shares. The stock had previously closed at $140.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LYV shares. JPMorgan Chase & Co. lifted their price target on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Oppenheimer boosted their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. The Goldman Sachs Group lifted 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. Finally, Bank of America upped their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Live Nation Entertainment has a consensus rating of "Moderate Buy" and an average price target of $145.40.

Live Nation Entertainment Trading Up 0.3 %

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 50 day moving average of $135.15 and a 200 day moving average of $116.12. The firm has a market cap of $33.57 billion, a PE ratio of 153.68, a P/E/G ratio of 1.65 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued 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. The company 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%. Live Nation Entertainment's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 earnings per share. Equities analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On Live Nation Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. purchased a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $226,000. Pinnbrook Capital Management LP purchased a new position in shares of Live Nation Entertainment in the fourth quarter worth $8,222,000. CIBC Asset Management Inc increased its holdings in shares of Live Nation Entertainment by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 26,093 shares of the company's stock worth $3,379,000 after purchasing an additional 1,177 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in Live Nation Entertainment by 17.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 40,588 shares of the company's stock valued at $5,256,000 after purchasing an additional 6,154 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in Live Nation Entertainment by 3.3% during the 4th quarter. Sanctuary Advisors LLC now owns 16,780 shares of the company's stock valued at $2,173,000 after buying an additional 532 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Company 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.