Wilmington Savings Fund Society FSB acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,562 shares of the company's stock, valued at approximately $499,000.
A number of other hedge funds have also recently bought and sold shares of LYV. Brooklyn Investment Group acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Live Nation Entertainment by 119.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock valued at $34,000 after acquiring an additional 202 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Live Nation Entertainment during the 3rd quarter worth $38,000. UMB Bank n.a. raised its position in shares of Live Nation Entertainment by 67.4% during the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $41,000 after acquiring an additional 176 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new position in shares of Live Nation Entertainment in the 3rd quarter valued at $41,000. 74.52% of the stock is currently owned by institutional investors.
Live Nation Entertainment Stock Up 0.0 %
Live Nation Entertainment stock traded up $0.03 during midday trading on Tuesday, reaching $137.86. The stock had a trading volume of 1,700,284 shares, compared to its average volume of 2,205,441. Live Nation Entertainment, Inc. has a 1-year low of $86.67 and a 1-year 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 firm's fifty day simple moving average is $126.33 and its 200-day simple moving average is $106.83. The stock has a market capitalization of $32.03 billion, a P/E ratio of 146.61, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. The company had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm's revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. As a group, analysts expect that Live Nation Entertainment, Inc. will post 1.04 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on LYV shares. Evercore ISI upped their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Guggenheim increased their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their price objective 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. Roth Mkm increased their target price on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, StockNews.com raised shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $144.33.
View Our Latest Research Report on Live Nation Entertainment
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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