State of Alaska Department of Revenue Has $2.32 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

State of Alaska Department of Revenue lowered its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,882 shares of the company’s stock after selling 305 shares during the period. State of Alaska Department of Revenue’s holdings in Live Nation Entertainment were worth $2,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Live Nation Entertainment in the third quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new position in Live Nation Entertainment in the fourth quarter worth approximately $44,000. Independence Bank of Kentucky bought a new position in Live Nation Entertainment in the fourth quarter worth approximately $45,000. Reston Wealth Management LLC bought a new position in Live Nation Entertainment in the third quarter worth approximately $41,000. Finally, Morse Asset Management Inc bought a new position in Live Nation Entertainment in the third quarter worth approximately $42,000. Institutional investors own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Macquarie raised their target price on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Benchmark raised their target price on Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Roth Mkm lifted their price target on Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Guggenheim lifted their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Price Performance

Shares of NYSE LYV opened at $147.14 on Tuesday. The stock has a market cap of $34.19 billion, a PE ratio of 156.53, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $152.11. 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 fifty day moving average of $136.31 and a 200-day moving average of $118.99.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. Equities research analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current year.

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.