Principal Financial Group Inc. Buys 105,648 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Principal Financial Group Inc. raised its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,302,199 shares of the company’s stock after purchasing an additional 105,648 shares during the quarter. Principal Financial Group Inc.’s holdings in Live Nation Entertainment were worth $945,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. SOA Wealth Advisors LLC. lifted its position in Live Nation Entertainment by 19.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $65,000 after purchasing an additional 80 shares during the last quarter. Western Pacific Wealth Management LP lifted its position in Live Nation Entertainment by 10.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock valued at $112,000 after purchasing an additional 82 shares during the last quarter. Cromwell Holdings LLC lifted its position in Live Nation Entertainment by 25.7% during the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after purchasing an additional 88 shares during the last quarter. Private Advisor Group LLC lifted its position in Live Nation Entertainment by 2.8% during the third 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 last quarter. Finally, UMB Bank n.a. lifted its position in Live Nation Entertainment by 21.2% during the fourth quarter. UMB Bank n.a. now owns 532 shares of the company’s stock valued at $69,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 0.8 %

NYSE LYV opened at $153.80 on Monday. 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 company has a market capitalization of $35.73 billion, a price-to-earnings ratio of 163.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The company’s 50-day simple moving average is $137.45 and its two-hundred day simple moving average is $120.56. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $153.94.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LYV. Citigroup increased 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. JPMorgan Chase & Co. increased their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Guggenheim increased their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Bank of America increased their target price on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Benchmark increased their target price on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.60.

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.