Live Nation Entertainment (NYSE:LYV) Given New $130.00 Price Target at Deutsche Bank Aktiengesellschaft

Live Nation Entertainment (NYSE:LYV) had its price target increased by Deutsche Bank Aktiengesellschaft from $122.00 to $130.00 in a report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently commented on LYV. JPMorgan Chase & Co. upped their price target on Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Rosenblatt Securities restated a “buy” rating and issued a $123.00 price objective on shares of Live Nation Entertainment in a research report on Thursday, August 15th. Roth Mkm increased their target price on Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on Live Nation Entertainment in a report on Wednesday, September 4th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Macquarie boosted their target price on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $124.73.

Live Nation Entertainment Price Performance

Shares of NYSE LYV opened at $117.56 on Tuesday. The stock has a 50 day moving average of $107.87 and a two-hundred day moving average of $98.69. The stock has a market cap of $27.08 billion, a P/E ratio of 110.91, a P/E/G ratio of 2.81 and a beta of 1.33. Live Nation Entertainment has a twelve month low of $81.38 and a twelve month high of $119.47. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22.

Insider Activity at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,500 shares of Live Nation Entertainment stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $94.11, for a total transaction of $141,165.00. Following the sale, the director now directly owns 59,789 shares in the company, valued at $5,626,742.79. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Brian Capo sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the sale, the chief accounting officer now directly owns 12,327 shares in the company, valued at approximately $1,190,911.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey T. Hinson sold 1,500 shares of Live Nation Entertainment stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the transaction, the director now directly owns 59,789 shares in the company, valued at $5,626,742.79. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,000 shares of company stock worth $17,238,181 in the last ninety days. 2.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares during the last quarter. UMB Bank n.a. boosted its position in Live Nation Entertainment by 67.4% during the second quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $41,000 after purchasing an additional 176 shares during the period. Reston Wealth Management LLC acquired a new position in Live Nation Entertainment during the 3rd quarter worth $41,000. Family Firm Inc. bought a new stake in Live Nation Entertainment during the 2nd quarter valued at approximately $42,000. Finally, Cromwell Holdings LLC boosted its position in shares of Live Nation Entertainment by 25.7% in the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

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.