Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Doliver Advisors LP

Doliver Advisors LP decreased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,791 shares of the company’s stock after selling 334 shares during the quarter. Doliver Advisors LP’s holdings in Live Nation Entertainment were worth $620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment during the third quarter worth $31,000. World Investment Advisors LLC purchased a new stake in shares of Live Nation Entertainment in the 3rd quarter worth about $38,000. Reston Wealth Management LLC acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at about $41,000. Morse Asset Management Inc purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $42,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of Live Nation Entertainment in the third quarter valued at about $46,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LYV shares. Citigroup raised their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI boosted their price target on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Bank of America increased their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Benchmark raised their price target on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.40.

Live Nation Entertainment Trading Down 0.0 %

Shares of NYSE:LYV traded down $0.01 during trading on Monday, reaching $129.48. 745,515 shares of the stock were exchanged, compared to its average volume of 1,304,119. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $141.18. The firm’s 50-day moving average price is $131.20 and its 200 day moving average price is $110.84. 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 firm has a market cap of $30.09 billion, a price-to-earnings ratio of 137.74, a price-to-earnings-growth ratio of 3.68 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The company had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. During the same quarter in the prior year, the business earned $1.78 earnings per share. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current fiscal 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.