Live Nation Entertainment, Inc. $LYV Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.8% during the third quarter, Holdings Channel reports. The institutional investor owned 20,679,128 shares of the company’s stock after buying an additional 372,715 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Live Nation Entertainment worth $3,378,970,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Texas Yale Capital Corp. grew its holdings in Live Nation Entertainment by 35.5% during the third quarter. Texas Yale Capital Corp. now owns 5,725 shares of the company’s stock worth $935,000 after acquiring an additional 1,500 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Live Nation Entertainment by 4.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 56,860 shares of the company’s stock valued at $9,291,000 after purchasing an additional 2,679 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Live Nation Entertainment by 7.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 28,478 shares of the company’s stock worth $4,653,000 after purchasing an additional 1,950 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Live Nation Entertainment by 19.8% in the 3rd quarter. HighTower Advisors LLC now owns 197,890 shares of the company’s stock worth $32,335,000 after purchasing an additional 32,641 shares in the last quarter. Finally, Aberdeen Group plc boosted its holdings in Live Nation Entertainment by 23.5% during the third quarter. Aberdeen Group plc now owns 115,526 shares of the company’s stock worth $18,988,000 after buying an additional 21,983 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LYV. Roth Mkm set a $174.00 price target on Live Nation Entertainment in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Live Nation Entertainment in a research report on Monday, December 29th. UBS Group assumed coverage on Live Nation Entertainment in a research report on Tuesday, November 25th. They issued a “buy” rating and a $164.00 price target for the company. Rothschild & Co Redburn cut their price objective on Live Nation Entertainment from $170.00 to $166.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Finally, Morgan Stanley reduced their price objective on shares of Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.45.

Live Nation Entertainment Stock Down 0.5%

Shares of Live Nation Entertainment stock opened at $156.82 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 5.41. Live Nation Entertainment, Inc. has a 1 year low of $112.88 and a 1 year high of $175.25. The stock has a 50-day moving average price of $145.41 and a 200 day moving average price of $150.13. The company has a market cap of $36.81 billion, a P/E ratio of 113.64, a P/E/G ratio of 10.61 and a beta of 1.18.

About Live Nation Entertainment

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.