Live Nation Entertainment, Inc. $LYV Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,071,673 shares of the company’s stock after purchasing an additional 212,592 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Live Nation Entertainment were worth $501,911,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clearstead Trust LLC grew its stake in shares of Live Nation Entertainment by 469.0% in the 2nd quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock valued at $25,000 after purchasing an additional 136 shares during the last quarter. Atwood & Palmer Inc. acquired a new stake in shares of Live Nation Entertainment during the third quarter worth $33,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Live Nation Entertainment during the third quarter worth $34,000. Measured Risk Portfolios Inc. purchased a new position in Live Nation Entertainment in the 3rd quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Live Nation Entertainment in the 2nd quarter valued at $56,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment News Roundup

Here are the key news stories impacting Live Nation Entertainment this week:

Wall Street Analyst Weigh In

LYV has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price target on Live Nation Entertainment from $173.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Citigroup dropped their price objective on Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Rothschild & Co Redburn reduced their target price on Live Nation Entertainment from $170.00 to $166.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Finally, UBS Group started coverage on shares of Live Nation Entertainment in a research report on Tuesday, November 25th. They set a “buy” rating and a $164.00 target price on the stock. Eighteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $172.86.

Check Out Our Latest Research Report on Live Nation Entertainment

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $144.74 on Monday. The stock has a fifty day moving average price of $139.49 and a 200 day moving average price of $150.41. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $33.98 billion, a PE ratio of 104.88, a P/E/G ratio of 9.33 and a beta of 1.20. Live Nation Entertainment, Inc. has a 1 year low of $112.88 and a 1 year high of $175.25.

Live Nation Entertainment (NYSE:LYVGet Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.81). The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.87 billion. Live Nation Entertainment had a net margin of 3.66% and a return on equity of 97.90%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. Sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Live Nation Entertainment Profile

(Free Report)

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.

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

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