Wilmington Savings Fund Society FSB Has $467,000 Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Wilmington Savings Fund Society FSB lessened its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 20.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,608 shares of the company’s stock after selling 954 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Live Nation Entertainment were worth $467,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of recent analyst reports. Guggenheim raised their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. TD Cowen raised their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer increased their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark boosted 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 note on Thursday, December 19th. Finally, Evercore ISI increased their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.40.

Live Nation Entertainment Trading Down 0.4 %

NYSE LYV opened at $146.68 on Wednesday. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $152.11. The stock’s 50 day moving average price is $136.50 and its two-hundred day moving average price is $119.36. The stock has a market capitalization of $34.08 billion, a price-to-earnings ratio of 156.04, a PEG ratio of 1.73 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 (NYSE:LYV) last issued its quarterly 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 analysts’ expectations 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, analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current fiscal 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.