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

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

Several other large investors have also made changes to their positions in LYV. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment in the third quarter valued at $31,000. World Investment Advisors LLC acquired a new stake in Live Nation Entertainment during the third quarter worth about $38,000. Reston Wealth Management LLC acquired a new position in Live Nation Entertainment in the third quarter valued at approximately $41,000. Morse Asset Management Inc purchased a new stake in Live Nation Entertainment in the 3rd quarter worth approximately $42,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Live Nation Entertainment during the 4th quarter valued at approximately $44,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LYV. The Goldman Sachs Group raised their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Macquarie increased their price target on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Evercore ISI upped their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment has a consensus rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $142.69 on Thursday. The business’s 50 day moving average price is $135.04 and its 200 day moving average price is $115.92. The company has a market cap of $33.15 billion, a price-to-earnings ratio of 151.80, a PEG ratio of 1.61 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. Live Nation Entertainment, Inc. has a one year low of $86.67 and a one year high of $143.50.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. On average, research analysts predict that Live Nation Entertainment, Inc. will post 1.02 EPS for the current 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.