Live Nation Entertainment (LYV) – Investment Analysts’ Weekly Ratings Changes

Live Nation Entertainment (NYSE: LYV) recently received a number of ratings updates from brokerages and research firms:

• 11/13/2024 – Live Nation Entertainment had its price target raised by analysts at The Goldman Sachs Group, Inc. from $132.00 to $148.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Live Nation Entertainment was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at Oppenheimer Holdings Inc. from $120.00 to $155.00. They now have an “outperform” rating on the stock.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at Evercore ISI from $110.00 to $150.00. They now have an “outperform” rating on the stock.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at Guggenheim from $130.00 to $146.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at TD Cowen from $108.00 to $145.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at Benchmark Co. from $132.00 to $144.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Live Nation Entertainment had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $122.00 to $130.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Live Nation Entertainment had its price target raised by analysts at JPMorgan Chase & Co. from $118.00 to $137.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Live Nation Entertainment had its price target raised by analysts at Roth Mkm from $120.00 to $132.00. They now have a “buy” rating on the stock.
• 10/8/2024 – Live Nation Entertainment had its price target raised by analysts at Macquarie from $125.00 to $130.00. They now have an “outperform” rating on the stock.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock traded down $2.63 during trading hours on Wednesday, hitting $127.04. The stock had a trading volume of 709,978 shares, compared to its average volume of 2,153,537. The company has a 50-day moving average of $110.72 and a two-hundred day moving average of $99.96. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. The company has a market cap of $29.26 billion, a PE ratio of 135.15, a price-to-earnings-growth ratio of 3.05 and a beta of 1.33. Live Nation Entertainment, Inc. has a fifty-two week low of $81.38 and a fifty-two week high of $130.76.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The firm 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 91.89% and a net margin of 2.11%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 EPS. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other news, CEO Michael Rapino sold 98,849 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the transaction, the chief executive officer now directly owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael Rapino sold 98,849 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the transaction, the chief executive officer now directly owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the transaction, the director now directly owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,000 shares of company stock valued at $17,238,181 in the last quarter. Corporate insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cromwell Holdings LLC boosted its position in Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after buying an additional 88 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Live Nation Entertainment by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock valued at $352,000 after purchasing an additional 89 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Live Nation Entertainment by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock valued at $728,000 after purchasing an additional 95 shares during the period. Empirical Finance LLC lifted its stake in shares of Live Nation Entertainment by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock valued at $508,000 after purchasing an additional 105 shares during the period. Finally, Mystic Asset Management Inc. lifted its stake in shares of Live Nation Entertainment by 2.1% in the 2nd quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock valued at $491,000 after purchasing an additional 110 shares during the period. 74.52% of the stock is currently owned by institutional investors.

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.