Analysts Set Live Nation Entertainment, Inc. (NYSE:LYV) PT at $157.27

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $157.27.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Roth Mkm boosted their target price on Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark reissued a “buy” rating and issued a $160.00 target price on shares of Live Nation Entertainment in a research note on Thursday, February 20th. Morgan Stanley boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Guggenheim boosted their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th.

Live Nation Entertainment Price Performance

LYV opened at $122.93 on Monday. The stock has a 50-day moving average price of $138.74 and a 200-day moving average price of $127.26. Live Nation Entertainment has a 12-month low of $86.81 and a 12-month high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market capitalization of $28.69 billion, a P/E ratio of 45.20, a PEG ratio of 1.81 and a beta of 1.38.

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

Insider Transactions at Live Nation Entertainment

In other news, CAO Brian Capo sold 5,066 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the completion of the transaction, the chief accounting officer now owns 10,549 shares of the company’s stock, valued at approximately $1,300,058.76. This represents a 32.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the completion of the transaction, the director now directly owns 52,624 shares of the company’s stock, valued at $6,470,120.80. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,702 shares of company stock valued at $10,497,143. Corporate insiders own 2.72% of the company’s stock.

Institutional Trading of Live Nation Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi grew its stake in shares of Live Nation Entertainment by 3.7% in the 4th quarter. Amundi now owns 1,089,290 shares of the company’s stock worth $141,945,000 after buying an additional 39,302 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Live Nation Entertainment by 595.3% in the 4th quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company’s stock worth $5,140,000 after buying an additional 33,980 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Live Nation Entertainment in the 4th quarter worth approximately $226,000. Charles Schwab Investment Management Inc. grew its stake in shares of Live Nation Entertainment by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock worth $106,319,000 after buying an additional 107,844 shares during the last quarter. Finally, Empowered Funds LLC grew its stake 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. Hedge funds and other institutional investors own 74.52% of the company’s stock.

About Live Nation Entertainment

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.