Live Nation Entertainment, Inc. $LYV Shares Bought by Comprehensive Financial Planning Inc. PA

Comprehensive Financial Planning Inc. PA boosted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 92.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 788 shares of the company’s stock after purchasing an additional 379 shares during the period. Comprehensive Financial Planning Inc. PA’s holdings in Live Nation Entertainment were worth $119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LYV. GW&K Investment Management LLC boosted its stake 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 worth $42,000 after buying an additional 283 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Live Nation Entertainment in the 1st quarter worth approximately $42,000. TD Private Client Wealth LLC acquired a new stake in shares of Live Nation Entertainment during the 2nd quarter worth approximately $62,000. Allworth Financial LP increased its holdings in shares of Live Nation Entertainment by 48.8% during the 2nd quarter. Allworth Financial LP now owns 448 shares of the company’s stock valued at $68,000 after purchasing an additional 147 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in shares of Live Nation Entertainment by 95.3% in the 1st quarter. Brooklyn Investment Group now owns 617 shares of the company’s stock valued at $81,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 1.0%

NYSE LYV opened at $141.98 on Wednesday. The business has a fifty day moving average price of $157.32 and a 200 day moving average price of $151.39. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $33.33 billion, a P/E ratio of 61.46, a P/E/G ratio of 12.85 and a beta of 1.37. Live Nation Entertainment, Inc. has a one year low of $112.88 and a one year high of $175.25.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.87 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.Live Nation Entertainment’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. Research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Roth Capital dropped their price target on shares of Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Rothschild & Co Redburn cut Live Nation Entertainment from a “buy” rating to a “neutral” rating and raised their target price for the company from $144.00 to $170.00 in a research report on Tuesday, September 16th. Rothschild Redb downgraded Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Benchmark reissued a “buy” rating on shares of Live Nation Entertainment in a report on Tuesday, November 4th. Finally, Moffett Nathanson began coverage on Live Nation Entertainment in a research note on Monday, August 18th. They set a “buy” rating and a $195.00 target price for the company. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.84.

Live Nation Entertainment 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.