1,651 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by BSW Wealth Partners

BSW Wealth Partners acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,651 shares of the company’s stock, valued at approximately $214,000.

Several other large investors have also modified their holdings of LYV. Brooklyn Investment Group bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $31,000. World Investment Advisors LLC bought a new stake in shares of Live Nation Entertainment during the third quarter worth $38,000. Reston Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment during the third quarter valued at $41,000. Morse Asset Management Inc bought a new position in shares of Live Nation Entertainment in the third quarter worth about $42,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Live Nation Entertainment in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LYV. Benchmark raised their target price on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Macquarie lifted their target price on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Evercore ISI increased their price target on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Guggenheim lifted their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Oppenheimer raised their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.40.

Live Nation Entertainment Trading Up 0.2 %

Shares of NYSE:LYV opened at $142.69 on Thursday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $33.15 billion, a P/E ratio of 151.80, a P/E/G ratio of 1.61 and a beta of 1.38. The business’s 50-day moving average is $135.04 and its 200 day moving average is $115.92. Live Nation Entertainment, Inc. has a 1 year low of $86.67 and a 1 year high of $143.50.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Monday, November 11th. The company reported $1.66 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 company had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the business earned $1.78 EPS. Live Nation Entertainment’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts predict that Live Nation Entertainment, Inc. will post 1.02 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.