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Live Nation Entertainment, Inc. (NYSE:LYV – Get Rating) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $111.50.
A number of research analysts recently commented on LYV shares. TheStreet raised shares of Live Nation Entertainment from a “d+” rating to a “c-” rating in a report on Wednesday, August 10th. The Goldman Sachs Group decreased their price objective on shares of Live Nation Entertainment from $130.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Morgan Stanley decreased their price objective on shares of Live Nation Entertainment from $110.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 1st. Rosenblatt Securities decreased their price target on shares of Live Nation Entertainment from $138.00 to $101.00 and set a “buy” rating for the company in a research note on Tuesday, October 18th. Finally, Citigroup lifted their price target on shares of Live Nation Entertainment from $93.00 to $100.00 and gave the stock a “neutral” rating in a report on Monday, August 8th.

Insider Activity at Live Nation Entertainment

In related news, CEO Michael Rapino sold 78,000 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $92.66, for a total value of $7,227,480.00. Following the transaction, the chief executive officer now directly owns 3,711,273 shares of the company’s stock, valued at approximately $343,886,556.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 312,000 shares of company stock valued at $26,640,900 in the last ninety days. Insiders own 4.01% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc grew its position in Live Nation Entertainment by 0.8% during the 1st quarter. CIBC Asset Management Inc now owns 16,261 shares of the company’s stock worth $1,913,000 after purchasing an additional 130 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of Live Nation Entertainment by 4.3% in the 1st quarter. Raymond James Trust N.A. now owns 3,139 shares of the company’s stock worth $369,000 after acquiring an additional 130 shares during the period. Industrial Alliance Investment Management Inc. lifted its stake in shares of Live Nation Entertainment by 21.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 746 shares of the company’s stock worth $88,000 after acquiring an additional 132 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Live Nation Entertainment by 32.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 551 shares of the company’s stock worth $46,000 after acquiring an additional 136 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Live Nation Entertainment by 16.9% in the 1st quarter. Quadrant Capital Group LLC now owns 963 shares of the company’s stock worth $113,000 after acquiring an additional 139 shares during the period. 71.08% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment Stock Down 2.9 %

Shares of NYSE:LYV opened at $71.85 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 12.85. Live Nation Entertainment has a 12 month low of $67.53 and a 12 month high of $126.79. The company has a 50-day moving average price of $79.25 and a 200 day moving average price of $86.67. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 102.64 and a beta of 1.31.

Live Nation Entertainment Company Profile

(Get Rating)
Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.

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