Live Nation Entertainment (NYSE:LYV) PT Raised to $121.00 at Deutsche Bank Aktiengesellschaft

Live Nation Entertainment (NYSE:LYV - Free Report) had its price target upped by Deutsche Bank Aktiengesellschaft from $120.00 to $121.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also commented on LYV. Morgan Stanley boosted their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Roth Capital upgraded Live Nation Entertainment from a neutral rating to a buy rating in a report on Thursday, January 11th. TD Cowen reaffirmed a buy rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 16th. Roth Mkm reissued a buy rating and set a $120.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 23rd. Finally, Rosenblatt Securities boosted their price objective on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the company a buy rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $117.00.

Live Nation Entertainment Stock Performance

LYV traded up $1.23 on Monday, hitting $95.89. 2,523,452 shares of the company traded hands, compared to its average volume of 2,302,247. The company has a 50 day moving average of $98.60 and a 200-day moving average of $91.79. Live Nation Entertainment has a 12-month low of $76.48 and a 12-month high of $107.24. The stock has a market capitalization of $22.19 billion, a PE ratio of 91.39, a PEG ratio of 1.92 and a beta of 1.34. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 10.83.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.32). Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The firm had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. Sell-side analysts anticipate that Live Nation Entertainment will post 1.63 earnings per share for the current year.

Insider Activity at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the transaction, the director now directly owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.85% of the company's stock.

Institutional Investors Weigh In On Live Nation Entertainment

A number of institutional investors have recently bought and sold shares of LYV. Commonwealth Equity Services LLC lifted its stake in shares of Live Nation Entertainment by 6.3% in the third quarter. Commonwealth Equity Services LLC now owns 10,855 shares of the company's stock worth $901,000 after buying an additional 647 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Live Nation Entertainment by 2.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 19,230 shares of the company's stock valued at $1,597,000 after acquiring an additional 476 shares during the period. Forsta AP Fonden raised its holdings in Live Nation Entertainment by 46.5% in the 3rd quarter. Forsta AP Fonden now owns 65,500 shares of the company's stock valued at $5,439,000 after acquiring an additional 20,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Live Nation Entertainment by 24.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,150 shares of the company's stock worth $3,251,000 after acquiring an additional 7,750 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in shares of Live Nation Entertainment by 8.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 32,237 shares of the company's stock worth $2,677,000 after purchasing an additional 2,382 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

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.