Live Nation Entertainment, Inc. $LYV Shares Sold by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC lessened its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 9.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,829 shares of the company’s stock after selling 1,778 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Live Nation Entertainment were worth $2,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in Live Nation Entertainment during the first quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new stake in Live Nation Entertainment during the first quarter valued at approximately $33,000. N.E.W. Advisory Services LLC acquired a new stake in Live Nation Entertainment during the first quarter valued at approximately $42,000. Finally, GW&K Investment Management LLC raised its position in shares of Live Nation Entertainment by 690.2% during the 1st quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock worth $42,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley set a $180.00 price target on Live Nation Entertainment in a research report on Thursday, July 24th. Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the company a “positive” rating in a research report on Tuesday, June 10th. Guggenheim restated a “buy” rating and issued a $170.00 target price on shares of Live Nation Entertainment in a research report on Wednesday, June 18th. Moffett Nathanson began coverage on Live Nation Entertainment in a research report on Monday, August 18th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Oppenheimer raised their target price on Live Nation Entertainment from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Eighteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Live Nation Entertainment currently has an average rating of “Buy” and a consensus target price of $168.94.

Live Nation Entertainment Stock Up 0.2%

Shares of LYV stock opened at $163.27 on Friday. Live Nation Entertainment, Inc. has a 1 year low of $92.57 and a 1 year high of $167.94. The stock has a market cap of $38.28 billion, a PE ratio of 70.68, a price-to-earnings-growth ratio of 11.02 and a beta of 1.42. The business’s fifty day moving average is $154.84 and its 200-day moving average is $142.20. 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 (NYSE:LYV) last issued 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 net margin of 3.88% and a return on equity of 105.85%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. Equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

About Live Nation Entertainment

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.