Barbara Oil Co. Invests $2.42 Million in Live Nation Entertainment, Inc. $LYV

Barbara Oil Co. acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,010 shares of the company's stock, valued at approximately $2,416,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Axxcess Wealth Management LLC grew its stake in Live Nation Entertainment by 4.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,602 shares of the company's stock valued at $228,000 after purchasing an additional 75 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Live Nation Entertainment by 2.1% during the 2nd quarter. Vident Advisory LLC now owns 3,622 shares of the company's stock worth $548,000 after purchasing an additional 75 shares in the last quarter. Prairie Wealth Advisors Inc. boosted its holdings in shares of Live Nation Entertainment by 5.0% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company's stock valued at $272,000 after buying an additional 80 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in shares of Live Nation Entertainment by 1.2% in the 4th quarter. Sumitomo Life Insurance Co. now owns 6,821 shares of the company's stock valued at $972,000 after buying an additional 82 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Live Nation Entertainment by 37.4% in the fourth quarter. Root Financial Partners LLC now owns 312 shares of the company's stock valued at $44,000 after buying an additional 85 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Trading Up 0.3%

LYV stock opened at $182.28 on Monday. Live Nation Entertainment, Inc. has a one year low of $125.34 and a one year high of $189.24. The stock has a market cap of $42.95 billion, a price-to-earnings ratio of -161.31 and a beta of 1.12. The company has a fifty day moving average price of $180.20 and a two-hundred day moving average price of $166.47. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 net margin of 0.34% and a return on equity of 54.61%. The company's revenue 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. Equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.05 EPS for the current year.

Analysts Set New Price Targets

LYV has been the topic of several analyst reports. Citizens Jmp upped their price target on shares of Live Nation Entertainment from $190.00 to $215.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 22nd. 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 report on Wednesday, June 10th. Susquehanna boosted their price objective on shares of Live Nation Entertainment from $186.00 to $187.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Live Nation Entertainment from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. Finally, Wells Fargo & Company lifted their price target on Live Nation Entertainment from $199.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Live Nation Entertainment has an average rating of "Moderate Buy" and a consensus target price of $197.19.

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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