Toronto Dominion Bank increased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 22.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 52,995 shares of the company's stock after purchasing an additional 9,840 shares during the period. Toronto Dominion Bank's holdings in Live Nation Entertainment were worth $5,802,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in LYV. Select Equity Group L.P. boosted its position in shares of Live Nation Entertainment by 12.3% in the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock valued at $1,213,053,000 after acquiring an additional 1,415,173 shares during the period. D1 Capital Partners L.P. grew its position in Live Nation Entertainment by 44.6% in the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company's stock worth $332,171,000 after purchasing an additional 1,093,000 shares during the last quarter. ValueAct Holdings L.P. bought a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $111,094,000. PointState Capital LP acquired a new position in shares of Live Nation Entertainment during the third quarter valued at about $102,762,000. Finally, Vulcan Value Partners LLC lifted its stake in shares of Live Nation Entertainment by 46.5% in the second quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company's stock valued at $252,663,000 after buying an additional 855,197 shares during the period. Institutional investors own 74.52% of the company's stock.
Live Nation Entertainment Price Performance
Shares of NYSE LYV traded up $0.11 during midday trading on Friday, reaching $135.95. The company's stock had a trading volume of 1,133,265 shares, compared to its average volume of 2,200,777. The company has a market cap of $31.59 billion, a P/E ratio of 144.63, a P/E/G ratio of 3.65 and a beta of 1.37. Live Nation Entertainment, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The business's 50 day moving average price is $125.79 and its two-hundred day moving average price is $106.52.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 77.62% and a net margin of 2.11%. The company's revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. On average, analysts forecast that Live Nation Entertainment, Inc. will post 1.04 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on LYV. Citigroup raised their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Benchmark lifted their price target on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Bank of America increased their price objective on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Oppenheimer raised 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. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $144.33.
View Our Latest Research Report on LYV
About Live Nation Entertainment
(
Free Report)
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.
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