Dimensional Fund Advisors LP Has $139.33 Million Stock Holdings in Live Nation Entertainment, Inc. $LYV

Key Points

• Dimensional Fund Advisors LP has increased its holdings in Live Nation Entertainment, Inc. by 8.4%, bringing its total to approximately 1,067,785 shares worth $139.33 million.
• Live Nation reported Q2 earnings of $0.41 per share, missing expectations, but had revenue of $7.01 billion, exceeding analysts' forecasts of $6.93 billion.
• Investment analysts set a new target price for Live Nation Entertainment, with predictions ranging from $168.00 to $195.00, reflecting a generally positive outlook on the stock.

Dimensional Fund Advisors LP increased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,067,785 shares of the company's stock after acquiring an additional 83,182 shares during the period. Dimensional Fund Advisors LP owned about 0.46% of Live Nation Entertainment worth $139,332,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Horizon Investments LLC boosted its stake in Live Nation Entertainment by 5.1% in the 1st quarter. Horizon Investments LLC now owns 2,251 shares of the company's stock valued at $294,000 after buying an additional 110 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Live Nation Entertainment by 0.3% during the first quarter. Sei Investments Co. now owns 205,441 shares of the company's stock valued at $26,606,000 after acquiring an additional 701 shares during the period. National Pension Service boosted its stake in shares of Live Nation Entertainment by 2.5% in the 1st quarter. National Pension Service now owns 279,606 shares of the company's stock valued at $36,511,000 after purchasing an additional 6,704 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Live Nation Entertainment by 7.3% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 50,043 shares of the company's stock worth $6,492,000 after purchasing an additional 3,418 shares during the last quarter. Finally, Rathbones Group PLC increased its position in shares of Live Nation Entertainment by 1,474.1% during the 1st quarter. Rathbones Group PLC now owns 68,078 shares of the company's stock worth $8,890,000 after purchasing an additional 63,753 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Stock Down 0.5%

NYSE LYV opened at $162.0590 on Thursday. The stock has a market capitalization of $38.00 billion, a P/E ratio of 70.16, a price-to-earnings-growth ratio of 9.83 and a beta of 1.46. Live Nation Entertainment, Inc. has a 52 week low of $92.57 and a 52 week high of $164.06. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a fifty day moving average of $150.34 and a 200-day moving average of $141.04.

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

Analysts Set New Price Targets

LYV has been the topic of several research analyst reports. Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, July 24th. Wolfe Research increased their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. Benchmark lifted their price objective on Live Nation Entertainment from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Guggenheim restated a "buy" rating and set a $170.00 target price on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Finally, Moffett Nathanson started coverage on Live Nation Entertainment in a report on Monday. They issued a "buy" rating and a $195.00 price target for the company. Eighteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $168.94.

Live Nation Entertainment 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.

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