Avanza Fonder AB Makes New Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Avanza Fonder AB bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,652 shares of the company’s stock, valued at approximately $1,638,000.

Several other hedge funds also recently modified their holdings of LYV. Brooklyn Investment Group bought a new position in Live Nation Entertainment during the 3rd quarter valued at $31,000. World Investment Advisors LLC bought a new position in shares of Live Nation Entertainment during the third quarter valued at about $38,000. Reston Wealth Management LLC purchased a new position in Live Nation Entertainment during the third quarter worth about $41,000. Morse Asset Management Inc purchased a new stake in Live Nation Entertainment in the 3rd quarter valued at about $42,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of Live Nation Entertainment during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LYV shares. Macquarie increased their price target on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup raised their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Benchmark raised their price target on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Live Nation Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Trading Up 1.6 %

Shares of Live Nation Entertainment stock opened at $135.71 on Friday. The company’s 50-day moving average price is $133.51 and its 200-day moving average price is $113.44. The company has a market cap of $31.53 billion, a price-to-earnings ratio of 144.37, a PEG ratio of 1.50 and a beta of 1.38. 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) 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. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the business earned $1.78 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Live Nation Entertainment Company 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.