World Investment Advisors LLC Invests $38,000 in Live Nation Entertainment, Inc. (NYSE:LYV)

World Investment Advisors LLC acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 38,321 shares of the company's stock, valued at approximately $38,000.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Live Nation Entertainment by 4.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,108 shares of the company's stock worth $291,000 after buying an additional 138 shares during the period. Fifth Third Bancorp lifted its stake in shares of Live Nation Entertainment by 8.6% in the second quarter. Fifth Third Bancorp now owns 3,794 shares of the company's stock worth $356,000 after acquiring an additional 301 shares during the period. &PARTNERS bought a new stake in Live Nation Entertainment in the second quarter valued at approximately $279,000. Family Firm Inc. acquired a new stake in Live Nation Entertainment during the 2nd quarter valued at approximately $42,000. Finally, Rational Advisors LLC raised its holdings in Live Nation Entertainment by 11.8% during the 2nd quarter. Rational Advisors LLC now owns 37,850 shares of the company's stock worth $3,548,000 after purchasing an additional 4,000 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYV has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Benchmark increased their price target on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday. Oppenheimer boosted their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Guggenheim raised their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their price target on Live Nation Entertainment from $137.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.40.

Live Nation Entertainment Stock Up 0.8 %

LYV stock traded up $1.09 during mid-day trading on Friday, reaching $133.28. 4,146,746 shares of the company traded hands, compared to its average volume of 2,207,581. The stock has a market cap of $30.97 billion, a price-to-earnings ratio of 141.79, 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 firm's 50 day moving average price is $127.65 and its 200 day moving average price is $107.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. Live Nation Entertainment's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 EPS. As a group, equities research analysts predict that Live Nation Entertainment, Inc. will post 1.04 EPS for the current fiscal year.

Live Nation Entertainment 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.