Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 692,387 shares of the company’s stock after selling 9,214 shares during the quarter. Live Nation Entertainment comprises approximately 1.2% of Stephens Investment Management Group LLC’s portfolio, making the stock its 18th largest holding. Stephens Investment Management Group LLC owned about 0.30% of Live Nation Entertainment worth $89,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of LYV. Brooklyn Investment Group acquired a new stake in Live Nation Entertainment during the 3rd quarter worth $31,000. World Investment Advisors LLC purchased a new position in shares of Live Nation Entertainment during the third quarter worth about $38,000. Reston Wealth Management LLC purchased a new stake in Live Nation Entertainment during the 3rd quarter valued at approximately $41,000. Morse Asset Management Inc acquired a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Live Nation Entertainment in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LYV shares. Macquarie lifted their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. 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 report on Tuesday, November 12th. Evercore ISI increased their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark boosted their target price on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Stock Down 1.1 %

Shares of NYSE LYV opened at $148.38 on Friday. The firm’s 50 day moving average price is $136.12 and its 200 day moving average price is $118.42. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $34.48 billion, a P/E ratio of 157.85, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $152.11.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm 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 posted $1.78 earnings per share. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current 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.