Harbor Investment Advisory LLC Acquires 100 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Harbor Investment Advisory LLC boosted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,450 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Live Nation Entertainment were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LYV. Brooklyn Investment Group acquired a new position in Live Nation Entertainment in the 3rd quarter valued at about $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $44,000. Reston Wealth Management LLC bought a new position in shares of Live Nation Entertainment during the third quarter worth approximately $41,000. Morse Asset Management Inc acquired a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $42,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Live Nation Entertainment in the 3rd quarter valued at $46,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LYV has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Roth Mkm raised their target price on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Evercore ISI boosted their price target on Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Macquarie raised their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Bank of America upped their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Stock Up 2.4 %

Shares of LYV opened at $138.88 on Wednesday. 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, Inc. has a 52 week low of $86.67 and a 52 week high of $141.18. The stock has a market capitalization of $32.27 billion, a price-to-earnings ratio of 147.75, a PEG ratio of 1.57 and a beta of 1.38. The stock has a fifty day moving average of $133.93 and a 200-day moving average of $114.16.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the company earned $1.78 earnings per share. The business’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current fiscal 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.