Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Longbow Finance SA

Longbow Finance SA increased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 174.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,703 shares of the company’s stock after purchasing an additional 36,650 shares during the quarter. Longbow Finance SA’s holdings in Live Nation Entertainment were worth $7,473,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LYV. ValueAct Holdings L.P. acquired a new position in Live Nation Entertainment in the 3rd quarter worth about $111,094,000. PointState Capital LP purchased a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $102,762,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Live Nation Entertainment by 55.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company’s stock worth $118,147,000 after buying an additional 387,008 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Live Nation Entertainment by 37.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company’s stock worth $155,851,000 after buying an additional 385,143 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock worth $410,664,000 after buying an additional 321,832 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $146.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Evercore ISI boosted their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Morgan Stanley boosted their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group boosted their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Oppenheimer upped their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Live Nation Entertainment Trading Up 3.5 %

Shares of Live Nation Entertainment stock opened at $154.59 on Tuesday. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day moving average of $139.57 and a 200 day moving average of $123.19. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The firm has a market capitalization of $35.92 billion, a price-to-earnings ratio of 56.84, a PEG ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. As a group, research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current 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.