Vanguard Personalized Indexing Management LLC Acquires 4,780 Shares of Live Nation Entertainment, Inc. $LYV

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Live Nation Entertainment by 38.5%, acquiring 4,780 shares and bringing their total to 17,180 shares worth $2.6 million.
• Analysts have a generally positive outlook for Live Nation, with the stock receiving eighteen "buy" ratings and a current average price target of $171.42.
• Live Nation reported $7.01 billion in revenue for its latest quarter, exceeding analyst estimates, but had earnings per share of $0.41, which fell short of expectations.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 38.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,180 shares of the company's stock after purchasing an additional 4,780 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Live Nation Entertainment were worth $2,600,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fifth Third Wealth Advisors LLC increased its holdings in shares of Live Nation Entertainment by 2.5% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,828 shares of the company's stock valued at $428,000 after purchasing an additional 69 shares in the last quarter. Gilbert & Cook Inc. increased its position in shares of Live Nation Entertainment by 1.4% in the first quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company's stock valued at $723,000 after buying an additional 75 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of Live Nation Entertainment by 1.8% in the second quarter. Central Pacific Bank Trust Division now owns 5,521 shares of the company's stock valued at $835,000 after buying an additional 97 shares in the last quarter. Trust Asset Management LLC boosted its stake in shares of Live Nation Entertainment by 5.8% during the first quarter. Trust Asset Management LLC now owns 1,785 shares of the company's stock valued at $233,000 after acquiring an additional 98 shares during the last quarter. Finally, Callan Family Office LLC boosted its stake in shares of Live Nation Entertainment by 1.8% during the first quarter. Callan Family Office LLC now owns 5,604 shares of the company's stock valued at $732,000 after acquiring an additional 98 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Guggenheim reissued a "buy" rating and issued a $170.00 price target on shares of Live Nation Entertainment in a research note on Wednesday, June 18th. Citigroup lifted their target price on Live Nation Entertainment from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Rothschild & Co Redburn lowered Live Nation Entertainment from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $144.00 to $170.00 in a research report on Tuesday, September 16th. Weiss Ratings restated a "hold (c)" rating on shares of Live Nation Entertainment in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group boosted their price target on Live Nation Entertainment from $168.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Eighteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $171.42.

Live Nation Entertainment Trading Up 1.6%

Live Nation Entertainment stock opened at $155.35 on Thursday. Live Nation Entertainment, Inc. has a 12 month low of $112.88 and a 12 month high of $175.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38. The business has a 50 day moving average price of $162.13 and a two-hundred day moving average price of $148.10. The stock has a market cap of $36.42 billion, a price-to-earnings ratio of 67.25, a price-to-earnings-growth ratio of 11.65 and a beta of 1.40.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.