4,950 Shares in Live Nation Entertainment, Inc. $LYV Bought by Mystic Asset Management Inc.

Mystic Asset Management Inc. bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,950 shares of the company’s stock, valued at approximately $906,000.

A number of other large investors have also added to or reduced their stakes in the business. Leonteq Securities AG acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth $25,000. Nvest Wealth Strategies Inc. bought a new position in shares of Live Nation Entertainment during the fourth quarter worth about $26,000. Burkett Financial Services LLC bought a new stake in Live Nation Entertainment in the second quarter valued at approximately $26,000. Kilter Group LLC bought a new position in Live Nation Entertainment during the 2nd quarter worth approximately $27,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Live Nation Entertainment in the 2nd quarter valued at $27,000. Institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Live Nation Entertainment from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. UBS Group boosted their target price on shares of Live Nation Entertainment from $181.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, July 20th. The Goldman Sachs Group increased their price objective on shares of Live Nation Entertainment from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Benchmark boosted their target price on Live Nation Entertainment from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Citigroup upped their price target on Live Nation Entertainment from $181.00 to $212.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.19.

Live Nation Entertainment Trading Down 1.3%

NYSE:LYV opened at $181.79 on Friday. The firm has a 50-day moving average price of $180.00 and a two-hundred day moving average price of $166.20. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85. Live Nation Entertainment, Inc. has a 52 week low of $125.34 and a 52 week high of $189.24. The firm has a market cap of $42.84 billion, a price-to-earnings ratio of -160.88 and a beta of 1.12.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.66 by $0.39. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 1.05 earnings per share for the current fiscal year.

About Live Nation Entertainment

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.