Live Nation Entertainment, Inc. (NYSE:LYV) Holdings Boosted by WASHINGTON TRUST Co

WASHINGTON TRUST Co lifted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,678 shares of the company’s stock after buying an additional 1,159 shares during the period. WASHINGTON TRUST Co owned about 0.05% of Live Nation Entertainment worth $15,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brooklyn Investment Group acquired a new stake in Live Nation Entertainment during the 3rd quarter worth about $31,000. World Investment Advisors LLC purchased a new position in Live Nation Entertainment during the third quarter valued at approximately $38,000. Reston Wealth Management LLC acquired a new position in Live Nation Entertainment in the 3rd quarter valued at approximately $41,000. Morse Asset Management Inc purchased a new stake in Live Nation Entertainment in the 3rd quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

LYV has been the subject of several recent research reports. Evercore ISI increased their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Guggenheim raised their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Citigroup lifted their target price on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.60.

Live Nation Entertainment Stock Up 0.8 %

LYV opened at $153.80 on Friday. The business has a 50 day moving average of $137.45 and a 200-day moving average of $120.21. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 163.61, a P/E/G ratio of 1.73 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $153.94.

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

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.