Live Nation Entertainment, Inc. $LYV Shares Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in Live Nation Entertainment by 56.1%, owning a total of 6,285 shares worth approximately $821,000 at the end of the last quarter.
• Live Nation's recent quarterly earnings showed a net revenue of $7.01 billion, exceeding estimates, although it reported an EPS of $0.41, falling short of the expected $1.08.
• Wall Street analysts maintain a strong outlook for Live Nation, with eighteen analysts rating the stock as a "Buy" and an average target price of $168.94.

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 56.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,285 shares of the company's stock after purchasing an additional 2,260 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Live Nation Entertainment were worth $821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new stake in Live Nation Entertainment in the fourth quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in Live Nation Entertainment in the first quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new stake in Live Nation Entertainment in the first quarter worth about $33,000. GW&K Investment Management LLC boosted its holdings in Live Nation Entertainment by 690.2% in the first quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock worth $42,000 after acquiring an additional 283 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Live Nation Entertainment in the first quarter worth about $42,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LYV. Guggenheim reissued a "buy" rating and issued a $170.00 price target on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Susquehanna set a $165.00 price target on Live Nation Entertainment and gave the stock a "positive" rating in a report on Tuesday, June 10th. Wolfe Research lifted their price objective on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. Moffett Nathanson assumed coverage on shares of Live Nation Entertainment in a research note on Monday, August 18th. They set a "buy" rating and a $195.00 price objective for the company. Finally, Oppenheimer lifted their price objective on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Eighteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Live Nation Entertainment has an average rating of "Buy" and an average target price of $168.94.

Live Nation Entertainment Stock Performance

NYSE:LYV traded up $0.93 during trading hours on Thursday, reaching $162.90. The company had a trading volume of 735,691 shares, compared to its average volume of 2,437,610. Live Nation Entertainment, Inc. has a 1-year low of $92.57 and a 1-year high of $167.94. The firm has a market cap of $38.20 billion, a PE ratio of 70.55, a price-to-earnings-growth ratio of 10.04 and a beta of 1.42. The business's 50 day moving average price is $154.26 and its 200-day moving average price is $142.16. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company's revenue was up 16.3% compared to the same quarter last year. Research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

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.