Toronto Dominion Bank Raises Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Toronto Dominion Bank boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 22.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,995 shares of the company’s stock after purchasing an additional 9,840 shares during the quarter. Toronto Dominion Bank’s holdings in Live Nation Entertainment were worth $5,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LYV. Cetera Advisors LLC bought a new position in Live Nation Entertainment during the 1st quarter valued at approximately $207,000. Diversified Trust Co purchased a new position in shares of Live Nation Entertainment in the 2nd quarter worth about $226,000. Wealth Enhancement Advisory Services LLC boosted its stake in Live Nation Entertainment by 4.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,108 shares of the company’s stock worth $291,000 after purchasing an additional 138 shares in the last quarter. BTC Capital Management Inc. grew its position in Live Nation Entertainment by 11.9% during the 2nd quarter. BTC Capital Management Inc. now owns 4,421 shares of the company’s stock valued at $414,000 after purchasing an additional 470 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Live Nation Entertainment by 8.6% during the 2nd quarter. Fifth Third Bancorp now owns 3,794 shares of the company’s stock valued at $356,000 after purchasing an additional 301 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LYV. JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer upped their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Evercore ISI boosted their target price on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Benchmark raised their price target on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.33.

Live Nation Entertainment Trading Up 0.1 %

Shares of Live Nation Entertainment stock opened at $135.95 on Friday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $31.59 billion, a PE ratio of 144.63, a P/E/G ratio of 3.65 and a beta of 1.37. Live Nation Entertainment, Inc. has a 1-year low of $86.67 and a 1-year high of $141.18. The company’s fifty day simple moving average is $125.79 and its 200-day simple moving average is $106.43.

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

About Live Nation Entertainment

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.