B. Metzler seel. Sohn & Co. AG Buys New Position in Live Nation Entertainment, Inc. $LYV

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,816 shares of the company's stock, valued at approximately $2,347,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC boosted its position in Live Nation Entertainment by 3.3% during the first quarter. Empowered Funds LLC now owns 17,376 shares of the company's stock valued at $2,269,000 after acquiring an additional 547 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Live Nation Entertainment by 15.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 798 shares of the company's stock worth $121,000 after acquiring an additional 109 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Live Nation Entertainment by 6.0% in the 2nd quarter. Cerity Partners LLC now owns 27,496 shares of the company's stock valued at $4,160,000 after purchasing an additional 1,550 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Live Nation Entertainment by 15.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 26,340 shares of the company's stock valued at $3,983,000 after purchasing an additional 3,604 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Live Nation Entertainment by 344.3% during the 2nd quarter. NewEdge Advisors LLC now owns 2,208 shares of the company's stock valued at $334,000 after purchasing an additional 1,711 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LYV. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $180.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Sanford C. Bernstein increased their price target on Live Nation Entertainment from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Wells Fargo & Company raised their price objective on shares of Live Nation Entertainment from $199.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Morgan Stanley lifted their price objective on shares of Live Nation Entertainment from $185.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, June 10th. Finally, BTIG Research reissued a "buy" rating and set a $215.00 target price on shares of Live Nation Entertainment in a research note on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $197.19.

Live Nation Entertainment Stock Up 0.1%

Shares of NYSE:LYV opened at $182.28 on Friday. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85. Live Nation Entertainment, Inc. has a 52-week low of $125.34 and a 52-week high of $189.24. The business's 50 day simple moving average is $180.20 and its two-hundred day simple moving average is $166.31. The firm has a market cap of $42.95 billion, a P/E ratio of -161.31 and a beta of 1.12.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.39. The company had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.56 billion. Live Nation Entertainment had a return on equity of 54.61% and a net margin of 0.34%.Live Nation Entertainment's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. As a group, research analysts forecast that Live Nation Entertainment, Inc. will post 1.05 EPS for the current fiscal year.

Live Nation Entertainment Company 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.

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