Raab & Moskowitz Asset Management LLC Reduces Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Raab & Moskowitz Asset Management LLC lessened its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,607 shares of the company’s stock after selling 571 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Live Nation Entertainment were worth $2,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Live Nation Entertainment by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock worth $106,319,000 after purchasing an additional 107,844 shares during the last quarter. Empowered Funds LLC grew its position in shares of Live Nation Entertainment by 392.4% in the 3rd quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock worth $1,898,000 after buying an additional 13,815 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Live Nation Entertainment by 12.0% during the third quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock valued at $7,279,000 after buying an additional 7,136 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Live Nation Entertainment during the third quarter valued at approximately $441,000. Finally, Friedenthal Financial purchased a new stake in Live Nation Entertainment in the fourth quarter worth $754,000. 74.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on LYV shares. Citigroup upped their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Bank of America boosted their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Roth Mkm raised their price objective on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. TD Cowen upped their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $149.70 on Thursday. The company has a market capitalization of $34.78 billion, a PE ratio of 159.26, a PEG ratio of 1.73 and a beta of 1.38. The business has a fifty day moving average price of $136.76 and a 200-day moving average price of $119.57. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $152.11. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the business earned $1.78 EPS. Live Nation Entertainment’s revenue was down 6.2% compared to the same quarter last year. As a group, equities analysts expect that Live Nation Entertainment, Inc. will post 0.99 EPS 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.