State of Alaska Department of Revenue Sells 305 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

State of Alaska Department of Revenue lowered its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 17,882 shares of the company’s stock after selling 305 shares during the quarter. State of Alaska Department of Revenue’s holdings in Live Nation Entertainment were worth $2,315,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP lifted its stake 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 worth $112,000 after purchasing an additional 82 shares during the last quarter. Cromwell Holdings LLC lifted its stake in Live Nation Entertainment by 25.7% during the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after purchasing an additional 88 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Live Nation Entertainment by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock valued at $352,000 after acquiring an additional 89 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Live Nation Entertainment by 21.2% in the 4th quarter. UMB Bank n.a. now owns 532 shares of the company’s stock valued at $69,000 after acquiring an additional 93 shares during the last quarter. Finally, Gilbert & Cook Inc. lifted its stake in shares of Live Nation Entertainment by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company’s stock valued at $707,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 0.8 %

LYV stock opened at $147.14 on Tuesday. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $152.11. The business’s 50 day moving average price is $136.31 and its two-hundred day moving average price is $118.99. 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 $34.19 billion, a price-to-earnings ratio of 156.53, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. The company had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 EPS. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LYV has been the subject of a number of recent research reports. Oppenheimer boosted their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Roth Mkm boosted their target price on Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Benchmark boosted their target price on Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Guggenheim boosted their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Bank of America boosted their price target on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.40.

Live Nation Entertainment Company 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.