Wilmington Savings Fund Society FSB purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,562 shares of the company's stock, valued at approximately $499,000.
A number of other hedge funds have also modified their holdings of LYV. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment in the third quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Live Nation Entertainment by 119.5% in the 2nd 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. Reston Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $41,000. Morse Asset Management Inc purchased a new position in shares of Live Nation Entertainment during the third quarter worth $42,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Live Nation Entertainment in the third quarter valued at $46,000. 74.52% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on LYV shares. Macquarie lifted their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the company an "outperform" rating in a research note on Friday, November 15th. Citigroup lifted their price target on Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Evercore ISI lifted their target price on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Guggenheim raised 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. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Live Nation Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $144.33.
View Our Latest Analysis on Live Nation Entertainment
NYSE:LYV opened at $137.81 on Tuesday. The firm has a market cap of $32.02 billion, a P/E ratio of 146.61, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. The stock has a 50 day moving average of $126.33 and a two-hundred day moving average of $106.83. Live Nation Entertainment, Inc. has a 12 month low of $86.67 and a 12 month high of $141.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted 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 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 firm's revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. On average, analysts expect that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current fiscal year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Live Nation Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Live Nation Entertainment wasn't on the list.
While Live Nation Entertainment currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.