Vise Technologies Inc. Purchases Shares of 5,209 Live Nation Entertainment, Inc. $LYV

Vise Technologies Inc. purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the second quarter, HoldingsChannel reports. The firm purchased 5,209 shares of the company’s stock, valued at approximately $954,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LYV. Axxcess Wealth Management LLC boosted its holdings in Live Nation Entertainment by 4.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,602 shares of the company’s stock worth $228,000 after buying an additional 75 shares during the period. Vident Advisory LLC lifted its position in shares of Live Nation Entertainment by 2.1% in the second quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock valued at $548,000 after acquiring an additional 75 shares in the last quarter. Prairie Wealth Advisors Inc. boosted its stake in shares of Live Nation Entertainment by 5.0% in the third quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company’s stock worth $272,000 after acquiring an additional 80 shares during the period. Sumitomo Life Insurance Co. raised its stake in Live Nation Entertainment by 1.2% during the 4th quarter. Sumitomo Life Insurance Co. now owns 6,821 shares of the company’s stock valued at $972,000 after purchasing an additional 82 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in Live Nation Entertainment by 37.4% in the 4th quarter. Root Financial Partners LLC now owns 312 shares of the company’s stock worth $44,000 after purchasing an additional 85 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Trading Up 0.1%

Shares of LYV opened at $182.28 on Friday. The company’s fifty day moving average is $180.20 and its 200 day moving average is $166.31. Live Nation Entertainment, Inc. has a fifty-two week low of $125.34 and a fifty-two week high of $189.24. The stock has a market capitalization of $42.95 billion, a PE ratio of -161.31 and a beta of 1.12. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.39. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Live Nation Entertainment’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Live Nation Entertainment, Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $180.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Morgan Stanley boosted their price target on shares of Live Nation Entertainment from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Rothschild & Co Redburn increased their price objective on shares of Live Nation Entertainment from $193.00 to $195.00 in a report on Wednesday, May 6th. Oppenheimer set a $100.00 price objective on Live Nation Entertainment in a research report on Tuesday, July 28th. Finally, UBS Group lifted their target price on Live Nation Entertainment from $181.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $197.19.

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.