Live Nation Entertainment (NYSE:LYV) Price Target Raised to $146.00

Live Nation Entertainment (NYSE:LYV) had its price target lifted by Macquarie from $130.00 to $146.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

LYV has been the subject of several other reports. TD Cowen upped their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Evercore ISI raised their target price on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark lifted their target price on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Roth Mkm increased their price target on Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, StockNews.com cut Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Live Nation Entertainment Stock Down 0.1 %

NYSE LYV opened at $129.00 on Friday. The firm has a 50-day simple moving average of $112.78 and a 200 day simple moving average of $100.78. The company has a debt-to-equity ratio of 6.10, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market cap of $29.97 billion, a PE ratio of 137.23, a PEG ratio of 3.49 and a beta of 1.33. Live Nation Entertainment has a twelve month low of $81.38 and a twelve month high of $130.83.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. Live Nation Entertainment’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 EPS. On average, research analysts forecast that Live Nation Entertainment will post 1.08 EPS for the current year.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $97.64, for a total value of $3,417,400.00. Following the transaction, the executive vice president now directly owns 167,447 shares of the company’s stock, valued at approximately $16,349,525.08. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey T. Hinson sold 5,640 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $95.18, for a total value of $536,815.20. Following the completion of the sale, the director now owns 53,949 shares of the company’s stock, valued at $5,134,865.82. This trade represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 170,500 shares of company stock valued at $16,613,966 in the last 90 days. Corporate insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYV. Envestnet Portfolio Solutions Inc. increased its holdings in Live Nation Entertainment by 27.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,678 shares of the company’s stock worth $495,000 after purchasing an additional 1,002 shares during the period. Empowered Funds LLC bought a new position in Live Nation Entertainment in the first quarter worth approximately $281,000. Oppenheimer & Co. Inc. purchased a new stake in Live Nation Entertainment during the first quarter worth $212,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Live Nation Entertainment by 147.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,560 shares of the company’s stock valued at $905,000 after acquiring an additional 5,094 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Live Nation Entertainment by 1.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 161,491 shares of the company’s stock worth $17,081,000 after acquiring an additional 1,531 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

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.