Elevation Point Wealth Partners LLC purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 14,457 shares of the company’s stock, valued at approximately $2,647,000.
A number of other hedge funds have also recently made changes to their positions in LYV. Bessemer Group Inc. boosted its holdings in shares of Live Nation Entertainment by 70.0% in the 4th quarter. Bessemer Group Inc. now owns 1,843,750 shares of the company’s stock valued at $262,733,000 after buying an additional 759,363 shares in the last quarter. Geode Capital Management LLC lifted its position in Live Nation Entertainment by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 4,301,900 shares of the company’s stock valued at $610,707,000 after acquiring an additional 20,165 shares during the last quarter. CenterBook Partners LP boosted its stake in Live Nation Entertainment by 780.1% in the fourth quarter. CenterBook Partners LP now owns 22,143 shares of the company’s stock valued at $3,155,000 after acquiring an additional 19,627 shares in the last quarter. Troluce Capital Advisors LLC purchased a new position in Live Nation Entertainment in the first quarter worth $50,328,000. Finally, ProShare Advisors LLC increased its position in shares of Live Nation Entertainment by 45.0% during the fourth quarter. ProShare Advisors LLC now owns 41,642 shares of the company’s stock worth $5,934,000 after purchasing an additional 12,916 shares in the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.
Live Nation Entertainment Stock Performance
Shares of LYV opened at $182.28 on Monday. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day moving average of $180.20 and a two-hundred day moving average of $166.47. The stock has a market cap of $42.95 billion, a P/E ratio of -161.31 and a beta of 1.12. Live Nation Entertainment, Inc. has a one year low of $125.34 and a one year high of $189.24.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Citigroup raised their price objective on Live Nation Entertainment from $181.00 to $212.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Zacks Research upgraded Live Nation Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Benchmark raised their price target on Live Nation Entertainment from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Guggenheim upped their price objective on shares of Live Nation Entertainment from $197.00 to $218.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group increased their price objective on shares of Live Nation Entertainment from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.19.
Read Our Latest Report on Live Nation Entertainment
Live Nation Entertainment Profile
Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.
The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.
Further Reading
- Five stocks we like better than Live Nation Entertainment
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding LYV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Nation Entertainment, Inc. (NYSE:LYV – Free Report).
Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.
