Live Nation Entertainment, Inc. (NYSE:LYV) Receives Average Rating of "Buy" from Analysts

Shares of Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) have been given an average recommendation of "Buy" by the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Fifteen investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $162.07.

LYV has been the subject of several research analyst reports. Susquehanna began coverage on shares of Live Nation Entertainment in a research note on Monday, April 28th. They set a "positive" rating and a $155.00 price target for the company. Rosenblatt Securities dropped their target price on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Roth Mkm dropped their price objective on shares of Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Benchmark restated a "buy" rating and set a $178.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st.

Insider Transactions at Live Nation Entertainment

In other news, EVP John Hopmans sold 34,808 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the transaction, the executive vice president now owns 189,456 shares in the company, valued at approximately $27,922,025.28. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey T. Hinson sold 500 shares of Live Nation Entertainment stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the sale, the director now owns 52,624 shares in the company, valued at $6,470,120.80. This represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,374 shares of company stock valued at $5,815,812 over the last three months. Company insiders own 3.01% of the company's stock.

Institutional Trading of Live Nation Entertainment

Several hedge funds have recently modified their holdings of LYV. Smartleaf Asset Management LLC boosted its stake in Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after acquiring an additional 75 shares during the last quarter. Gilbert & Cook Inc. increased its stake in Live Nation Entertainment by 1.4% in the 1st quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company's stock valued at $723,000 after buying an additional 75 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in Live Nation Entertainment by 19.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock valued at $65,000 after purchasing an additional 80 shares during the last quarter. Western Pacific Wealth Management LP increased its holdings in Live Nation Entertainment by 10.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock worth $112,000 after buying an additional 82 shares during the last quarter. Finally, Trust Asset Management LLC raised its holdings in shares of Live Nation Entertainment by 5.8% in the 1st quarter. Trust Asset Management LLC now owns 1,785 shares of the company's stock valued at $233,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

NYSE LYV traded up $1.06 on Friday, reaching $137.21. The company had a trading volume of 6,715,548 shares, compared to its average volume of 2,270,610. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market capitalization of $31.80 billion, a PE ratio of 50.44, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47. Live Nation Entertainment has a 12 month low of $86.81 and a 12 month high of $157.75. The firm's 50 day moving average price is $133.59 and its 200 day moving average price is $135.42.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). The firm had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.63 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company's revenue was down 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. As a group, equities analysts predict that Live Nation Entertainment will post 2.38 earnings per share 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.