Live Nation Entertainment (NYSE:LYV) Price Target Raised to $150.00 at Evercore ISI

Live Nation Entertainment (NYSE:LYV) had its target price raised by Evercore ISI from $110.00 to $150.00 in a report published on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

LYV has been the topic of several other reports. Roth Mkm upped their target price on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Rosenblatt Securities reiterated a “buy” rating and set a $123.00 target price on shares of Live Nation Entertainment in a research report on Thursday, August 15th. Bank of America assumed coverage on Live Nation Entertainment in a report on Wednesday, September 4th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Macquarie boosted their price objective on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Live Nation Entertainment Stock Down 0.1 %

Shares of NYSE:LYV opened at $129.00 on Tuesday. Live Nation Entertainment has a fifty-two week low of $81.38 and a fifty-two week high of $130.83. The firm’s 50-day simple moving average is $112.78 and its 200-day simple moving average is $100.62. The company has a market cap of $29.97 billion, a price-to-earnings ratio of 137.23, a PEG ratio of 3.27 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. Live Nation Entertainment’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. As a group, equities research analysts predict that Live Nation Entertainment will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Ping Fu sold 1,701 shares of Live Nation Entertainment stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $96.56, for a total value of $164,248.56. Following the transaction, the director now owns 15,128 shares in the company, valued at $1,460,759.68. This trade represents a 10.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey T. Hinson sold 5,640 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $95.18, for a total value of $536,815.20. Following the sale, the director now owns 53,949 shares of the company’s stock, valued at approximately $5,134,865.82. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,500 shares of company stock worth $17,097,016 in the last 90 days. 2.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock valued at $410,664,000 after acquiring an additional 321,832 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Live Nation Entertainment by 24.2% during the third quarter. Prestige Wealth Management Group LLC now owns 2,653 shares of the company’s stock worth $290,000 after purchasing an additional 517 shares in the last quarter. Resources Management Corp CT ADV boosted its stake in shares of Live Nation Entertainment by 11.1% in the third quarter. Resources Management Corp CT ADV now owns 3,498 shares of the company’s stock valued at $383,000 after purchasing an additional 350 shares during the period. M&T Bank Corp grew its holdings in Live Nation Entertainment by 2.4% during the 3rd quarter. M&T Bank Corp now owns 6,740 shares of the company’s stock valued at $738,000 after purchasing an additional 159 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Live Nation Entertainment in the 3rd quarter worth $3,142,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

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.