Live Nation Entertainment, Inc. $LYV Shares Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC grew its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,246 shares of the company’s stock after acquiring an additional 508 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Live Nation Entertainment were worth $12,593,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LYV. Wayfinding Financial LLC purchased a new position in shares of Live Nation Entertainment in the 1st quarter valued at about $30,000. Chilton Capital Management LLC acquired a new stake in Live Nation Entertainment in the first quarter valued at $33,000. GW&K Investment Management LLC increased its position in shares of Live Nation Entertainment by 690.2% in the first quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock valued at $42,000 after buying an additional 283 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Live Nation Entertainment during the 1st quarter worth $42,000. Finally, Private Trust Co. NA boosted its position in shares of Live Nation Entertainment by 94.2% in the 1st quarter. Private Trust Co. NA now owns 404 shares of the company’s stock worth $53,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

LYV stock opened at $155.15 on Monday. The stock has a market capitalization of $36.38 billion, a price-to-earnings ratio of 67.17, a price-to-earnings-growth ratio of 12.11 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a 52-week low of $112.88 and a 52-week high of $175.25. The stock’s fifty day simple moving average is $162.24 and its 200-day simple moving average is $148.66.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. Equities research analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Live Nation Entertainment from $168.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Benchmark lifted their price objective on Live Nation Entertainment from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Citigroup increased their target price on Live Nation Entertainment from $165.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Weiss Ratings restated a “hold (c)” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 8th. Finally, Rothschild & Co Redburn lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating and increased their price objective for the company from $144.00 to $170.00 in a research note on Tuesday, September 16th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.42.

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.