Raab & Moskowitz Asset Management LLC Sells 571 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Raab & Moskowitz Asset Management LLC lowered its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,607 shares of the company’s stock after selling 571 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Live Nation Entertainment were worth $2,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LYV. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Live Nation Entertainment by 450.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the company’s stock worth $120,000 after purchasing an additional 900 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Live Nation Entertainment by 2.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,166 shares of the company’s stock valued at $785,000 after buying an additional 172 shares during the period. Creative Planning boosted its stake in shares of Live Nation Entertainment by 3.2% in the 3rd quarter. Creative Planning now owns 29,405 shares of the company’s stock worth $3,220,000 after buying an additional 904 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Live Nation Entertainment by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock worth $728,000 after buying an additional 95 shares during the last quarter. Finally, Baskin Financial Services Inc. increased its position in Live Nation Entertainment by 0.8% during the third quarter. Baskin Financial Services Inc. now owns 324,702 shares of the company’s stock valued at $35,552,000 after acquiring an additional 2,683 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock opened at $149.70 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $152.11. The stock’s 50-day simple moving average is $136.76 and its 200-day simple moving average is $119.57. The company has a market capitalization of $34.78 billion, a price-to-earnings ratio of 159.26, a PEG 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. 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 the consensus estimate of $7.75 billion. During the same period in the prior year, the company posted $1.78 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts expect that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LYV has been the topic of several research reports. The Goldman Sachs Group raised their target price on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Bank of America raised their price objective on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Macquarie upped their target price on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.40.

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.