Live Nation Entertainment, Inc. (NYSE:LYV) Given Consensus Rating of “Moderate Buy” by Analysts

Live Nation Entertainment, Inc. (NYSE:LYV) has received an average rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twenty have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $197.1905.

LYV has been the subject of a number of research analyst reports. Roth Capital set a $208.00 target price on Live Nation Entertainment in a report on Friday, July 31st. Sanford C. Bernstein upped their target price on shares of Live Nation Entertainment from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Susquehanna lifted their price target on shares of Live Nation Entertainment from $186.00 to $187.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. UBS Group raised their target price on shares of Live Nation Entertainment from $181.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $205.00 price target on shares of Live Nation Entertainment in a report on Friday, July 31st.

Insider Buying and Selling at Live Nation Entertainment

In related news, CAO Brian Capo sold 2,900 shares of Live Nation Entertainment stock in a transaction on Monday, August 24th. The stock was sold at an average price of $184.00, for a total transaction of $533,600.00. Following the transaction, the chief accounting officer directly owned 8,655 shares in the company, valued at approximately $1,592,520. The trade was a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is owned by corporate insiders.

Institutional Trading of Live Nation Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its position in Live Nation Entertainment by 1.6% in the second quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $1,041,000 after purchasing an additional 89 shares during the last quarter. Van Hulzen Asset Management LLC purchased a new position in shares of Live Nation Entertainment in the 2nd quarter worth approximately $289,000. MCF Advisors LLC raised its holdings in Live Nation Entertainment by 7.7% during the 2nd quarter. MCF Advisors LLC now owns 1,188 shares of the company’s stock valued at $218,000 after buying an additional 85 shares during the period. WINTON GROUP Ltd purchased a new position in Live Nation Entertainment during the second quarter worth $1,115,000. Finally, Engineers Gate Manager LP grew its holdings in Live Nation Entertainment by 10,428.3% during the 2nd quarter. Engineers Gate Manager LP now owns 263,524 shares of the company’s stock valued at $48,254,000 after purchasing an additional 261,021 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $169.91 on Friday. The business’s 50 day moving average price is $178.58 and its 200-day moving average price is $169.67. The stock has a market cap of $40.04 billion, a P/E ratio of -150.37 and a beta of 1.11. Live Nation Entertainment has a 52 week low of $125.34 and a 52 week high of $189.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 8.25.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.39. The firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.56 billion. Live Nation Entertainment had a return on equity of 54.61% and a net margin of 0.34%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Live Nation Entertainment will post 1.12 earnings per share for the current fiscal year.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a global live entertainment company that produces, promotes and operates concerts, music festivals and other live events. Through its concert promotion business, the company works with artists and venues to organize events across a broad range of music genres.

The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related technology for concerts, sports and other events. In addition, Live Nation manages and operates entertainment venues and provides sponsorship and advertising services that connect brands with live audiences.

Live Nation was formed in 2005 through the combination of Clear Channel Entertainment’s live entertainment business and Live Nation.