Donoghue Forlines LLC Takes Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Donoghue Forlines LLC acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 15,862 shares of the company’s stock, valued at approximately $2,054,000. Live Nation Entertainment accounts for 0.7% of Donoghue Forlines LLC’s portfolio, making the stock its 26th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in shares of Live Nation Entertainment in the 4th quarter worth approximately $837,000. Magnus Financial Group LLC bought a new stake in Live Nation Entertainment in the fourth quarter valued at $210,000. Nisa Investment Advisors LLC boosted its holdings in shares of Live Nation Entertainment by 90.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,456 shares of the company’s stock valued at $3,556,000 after acquiring an additional 13,015 shares during the period. Trust Asset Management LLC bought a new position in shares of Live Nation Entertainment during the fourth quarter worth about $218,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Live Nation Entertainment by 4.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,450 shares of the company’s stock worth $317,000 after acquiring an additional 100 shares during the period. Institutional investors own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LYV shares. The Goldman Sachs Group boosted their price objective on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. TD Cowen raised their price objective on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Roth Mkm raised their target price on Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.40.

Live Nation Entertainment Price Performance

LYV opened at $137.77 on Thursday. The firm has a market capitalization of $32.01 billion, a P/E ratio of 146.60, a PEG ratio of 1.61 and a beta of 1.38. The stock has a fifty day moving average of $134.17 and a 200-day moving average of $114.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $141.18.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly 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. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. Equities analysts forecast that Live Nation Entertainment, Inc. will post 1.02 EPS 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.