Live Nation Entertainment, Inc. (NYSE:LYV) Given Average Recommendation of "Moderate Buy" by Analysts

Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $118.17.

A number of research analysts recently commented on the stock. Redburn Atlantic upgraded shares of Live Nation Entertainment from a "neutral" rating to a "buy" rating and raised their price objective for the company from $114.00 to $115.00 in a research note on Thursday, May 9th. JPMorgan Chase & Co. raised their target price on Live Nation Entertainment from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Roth Mkm reissued a "buy" rating and issued a $120.00 price target on shares of Live Nation Entertainment in a report on Friday, May 24th. Oppenheimer reiterated an "outperform" rating and issued a $110.00 target price on shares of Live Nation Entertainment in a report on Tuesday, June 25th. Finally, Benchmark reiterated a "buy" rating and set a $132.00 price target on shares of Live Nation Entertainment in a report on Wednesday, July 31st.

Insider Activity

In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction on Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the transaction, the chief accounting officer now owns 12,327 shares in the company, valued at approximately $1,190,911.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the sale, the chief accounting officer now owns 12,327 shares of the company's stock, valued at approximately $1,190,911.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Hinson sold 1,500 shares of Live Nation Entertainment stock in a transaction on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the sale, the director now directly owns 59,789 shares of the company's stock, valued at $5,626,742.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,201 shares of company stock worth $788,464. Corporate insiders own 2.85% of the company's stock.

Hedge Funds Weigh In On Live Nation Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Live Nation Entertainment by 19.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 184,309 shares of the company's stock worth $19,494,000 after purchasing an additional 29,669 shares in the last quarter. Nordea Investment Management AB raised its position in Live Nation Entertainment by 15.8% in the 1st quarter. Nordea Investment Management AB now owns 1,377,118 shares of the company's stock valued at $146,567,000 after buying an additional 187,839 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Live Nation Entertainment by 2,723.0% during the 4th quarter. Public Sector Pension Investment Board now owns 428,732 shares of the company's stock worth $40,129,000 after acquiring an additional 413,545 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Live Nation Entertainment by 7.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,191,712 shares of the company's stock worth $205,144,000 after acquiring an additional 153,825 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Live Nation Entertainment in the first quarter valued at approximately $1,454,000. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Stock Performance

LYV traded down $0.22 during trading on Thursday, reaching $96.73. 1,591,950 shares of the company were exchanged, compared to its average volume of 2,124,153. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. The stock has a market cap of $22.22 billion, a P/E ratio of 92.12, a PEG ratio of 2.18 and a beta of 1.34. Live Nation Entertainment has a 52 week low of $76.48 and a 52 week high of $107.24. The firm has a 50 day moving average of $94.13 and a 200 day moving average of $95.58.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 earnings per share. On average, sell-side analysts forecast that Live Nation Entertainment will post 1.21 EPS for the current fiscal year.

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.