Live Nation Entertainment (NYSE:LYV) Given a $165.00 Price Target by Susquehanna Analysts

Susquehanna set a $165.00 price target on Live Nation Entertainment (NYSE:LYV - Free Report) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a positive rating on the stock.

Several other brokerages have also recently commented on LYV. Macquarie lifted their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Wolfe Research lifted their price objective on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Rosenblatt Securities cut their target price on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.35.

Live Nation Entertainment Stock Performance

LYV stock traded down $3.23 during trading on Tuesday, reaching $138.08. The company had a trading volume of 1,794,105 shares, compared to its average volume of 2,317,850. The firm has a 50-day simple moving average of $136.62 and a 200-day simple moving average of $135.83. The company has a market cap of $32.00 billion, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. Live Nation Entertainment has a twelve month low of $86.81 and a twelve month high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The firm's revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. As a group, sell-side analysts expect that Live Nation Entertainment will post 2.38 earnings per share for the current year.

Insider Activity at Live Nation Entertainment

In related news, EVP John Hopmans sold 34,808 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $147.38, for a total value of $5,130,003.04. Following the completion of the sale, the executive vice president now owns 189,456 shares of the company's stock, valued at approximately $27,922,025.28. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Live Nation Entertainment

Hedge funds have recently made changes to their positions in the stock. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $29,000. Wayfinding Financial LLC purchased a new position in shares of Live Nation Entertainment during the 1st quarter worth approximately $30,000. Chilton Capital Management LLC purchased a new position in shares of Live Nation Entertainment during the 1st quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $40,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

About Live Nation Entertainment

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.