Legacy Wealth Asset Management LLC Sells 3,036 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Legacy Wealth Asset Management LLC lessened its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 43.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,959 shares of the company’s stock after selling 3,036 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Live Nation Entertainment were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cromwell Holdings LLC raised its position in shares of Live Nation Entertainment by 25.7% during the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after acquiring an additional 88 shares during the last quarter. Private Advisor Group LLC raised its holdings in Live Nation Entertainment by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after purchasing an additional 89 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Live Nation Entertainment by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock valued at $728,000 after purchasing an additional 95 shares during the last quarter. Empirical Finance LLC raised its stake in shares of Live Nation Entertainment by 2.3% during the third quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock worth $508,000 after buying an additional 105 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Live Nation Entertainment by 3.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,686 shares of the company’s stock valued at $477,000 after buying an additional 125 shares during the period. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Up 1.6 %

Shares of LYV stock opened at $135.71 on Friday. The firm’s fifty day moving average price is $133.51 and its two-hundred day moving average price is $113.32. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 1 year low of $86.67 and a 1 year high of $141.18. The firm has a market capitalization of $31.53 billion, a P/E ratio of 144.37, a PEG ratio of 1.50 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last released its earnings results 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 business had revenue of $7.65 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

LYV has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Guggenheim upped their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Macquarie boosted their target price on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. TD Cowen increased their target price on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Live Nation Entertainment has an average rating of “Moderate Buy” and a consensus price target of $145.40.

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.