10,755 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,755 shares of the company’s stock, valued at approximately $1,496,000.

Several other institutional investors also recently modified their holdings of LYV. Brooklyn Investment Group bought a new position in shares of Live Nation Entertainment in the 3rd quarter worth about $31,000. World Investment Advisors LLC purchased a new stake in Live Nation Entertainment during the 3rd quarter valued at about $38,000. Reston Wealth Management LLC purchased a new stake in Live Nation Entertainment during the 3rd quarter valued at about $41,000. Morse Asset Management Inc purchased a new stake in Live Nation Entertainment during the 3rd quarter valued at about $42,000. Finally, Golden State Wealth Management LLC purchased a new stake in Live Nation Entertainment during the 4th quarter valued at about $42,000. 74.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LYV shares. Evercore ISI increased their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. TD Cowen raised their price target on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley raised their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.47.

Live Nation Entertainment Stock Performance

LYV opened at $152.21 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a market cap of $35.37 billion, a price-to-earnings ratio of 161.93, a PEG ratio of 1.83 and a beta of 1.38. The company’s 50 day moving average is $138.96 and its 200 day moving average is $121.87. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $155.10.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. On average, equities research analysts predict that Live Nation Entertainment, Inc. will post 0.99 EPS for the current 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.