Vontobel Holding Ltd. Sells 164 Shares of Live Nation Entertainment, Inc. $LYV

Vontobel Holding Ltd. trimmed its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,159 shares of the company’s stock after selling 164 shares during the quarter. Vontobel Holding Ltd.’s holdings in Live Nation Entertainment were worth $1,537,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LYV. Wayfinding Financial LLC bought a new position in Live Nation Entertainment during the first quarter worth about $30,000. Chilton Capital Management LLC acquired a new stake in Live Nation Entertainment during the first quarter worth about $33,000. GW&K Investment Management LLC grew its stake in Live Nation Entertainment by 690.2% during the first quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock worth $42,000 after buying an additional 283 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Live Nation Entertainment during the first quarter worth about $42,000. Finally, Private Trust Co. NA grew its stake in Live Nation Entertainment by 94.2% during the first quarter. Private Trust Co. NA now owns 404 shares of the company’s stock worth $53,000 after buying an additional 196 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Rothschild & Co Redburn downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $144.00 to $170.00 in a research note on Tuesday, September 16th. Benchmark raised their price target on shares of Live Nation Entertainment from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Citigroup raised their price target on shares of Live Nation Entertainment from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Morgan Stanley set a $180.00 price target on shares of Live Nation Entertainment in a research note on Thursday, July 24th. Finally, Moffett Nathanson started coverage on shares of Live Nation Entertainment in a research note on Monday, August 18th. They issued a “buy” rating and a $195.00 price target on the stock. Eighteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Live Nation Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $171.42.

Get Our Latest Stock Analysis on Live Nation Entertainment

Live Nation Entertainment Stock Up 0.2%

Live Nation Entertainment stock opened at $153.07 on Friday. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. Live Nation Entertainment, Inc. has a 52-week low of $112.79 and a 52-week high of $175.25. The firm has a 50 day moving average price of $161.92 and a two-hundred day moving average price of $147.68. The firm has a market cap of $35.89 billion, a price-to-earnings ratio of 66.26, a PEG ratio of 14.80 and a beta of 1.40.

Live Nation Entertainment (NYSE:LYVGet Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. Equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Live Nation Entertainment Profile

(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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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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