Forvis Mazars Wealth Advisors LLC Sells 332 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Forvis Mazars Wealth Advisors LLC lessened its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 9.1% during the 4th quarter, HoldingsChannel reports. The fund owned 3,329 shares of the company’s stock after selling 332 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Live Nation Entertainment were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Live Nation Entertainment during the 3rd quarter worth $31,000. Golden State Wealth Management LLC purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth $42,000. Retirement Wealth Solutions LLC purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth $44,000. Independence Bank of Kentucky purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth $45,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Live Nation Entertainment during the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 3.5 %

Shares of LYV stock opened at $154.59 on Tuesday. The stock has a market cap of $35.92 billion, a P/E ratio of 56.84, a PEG ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The company’s fifty day simple moving average is $139.57 and its two-hundred day simple moving average is $123.19.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LYV has been the topic of several analyst reports. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Rosenblatt Securities restated a “buy” rating and set a $146.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Finally, TD Cowen lifted their target price 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. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Live Nation Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Live Nation Entertainment 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.