Live Nation Entertainment, Inc. $LYV Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,181 shares of the company’s stock after purchasing an additional 404 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Live Nation Entertainment were worth $8,197,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LYV. GAMMA Investing LLC increased its position in Live Nation Entertainment by 24.5% during the first quarter. GAMMA Investing LLC now owns 3,914 shares of the company’s stock worth $511,000 after buying an additional 771 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Live Nation Entertainment by 4.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,728 shares of the company’s stock valued at $487,000 after acquiring an additional 154 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Live Nation Entertainment by 32.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,655 shares of the company’s stock valued at $347,000 after acquiring an additional 645 shares during the period. Spire Wealth Management increased its holdings in shares of Live Nation Entertainment by 12.3% in the 1st quarter. Spire Wealth Management now owns 4,727 shares of the company’s stock valued at $617,000 after acquiring an additional 517 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in Live Nation Entertainment by 120.9% in the first quarter. Golden State Wealth Management LLC now owns 709 shares of the company’s stock valued at $93,000 after purchasing an additional 388 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Trading Down 0.2%

Shares of LYV opened at $152.98 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. The firm’s 50-day moving average is $161.87 and its two-hundred day moving average is $149.82. Live Nation Entertainment, Inc. has a twelve month low of $112.88 and a twelve month high of $175.25. The firm has a market capitalization of $35.87 billion, a P/E ratio of 66.23, a PEG ratio of 13.16 and a beta of 1.40.

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

Analyst Ratings Changes

LYV has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Live Nation Entertainment from $175.00 to $173.00 and set a “buy” rating on the stock in a research report on Thursday. Moffett Nathanson initiated coverage on Live Nation Entertainment in a report on Monday, August 18th. They issued a “buy” rating and a $195.00 target price on the stock. The Goldman Sachs Group boosted their target price on Live Nation Entertainment from $168.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Rothschild & Co Redburn cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $144.00 to $170.00 in a research note on Tuesday, September 16th. Finally, Benchmark boosted their price objective 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. Eighteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Live Nation Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

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.