Legacy Wealth Asset Management LLC Has $513,000 Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in Live Nation Entertainment during the third quarter worth $31,000. World Investment Advisors LLC bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $38,000. Reston Wealth Management LLC acquired a new position in Live Nation Entertainment in the 3rd quarter valued at about $41,000. Morse Asset Management Inc bought a new position in Live Nation Entertainment in the 3rd quarter valued at about $42,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in Live Nation Entertainment during the third quarter worth approximately $46,000. Institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LYV. Citigroup upped their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Guggenheim lifted their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Bank of America increased their price target on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Benchmark lifted their price objective on Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Trading Up 1.6 %

Shares of NYSE LYV opened at $135.71 on Friday. The firm has a 50 day moving average price of $133.51 and a two-hundred day moving average price of $113.32. The stock has a market cap of $31.53 billion, a P/E ratio of 144.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. Live Nation Entertainment, Inc. has a 52-week low of $86.67 and a 52-week high of $141.18. 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 (NYSE:LYV) last announced 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. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the company earned $1.78 EPS. Live Nation Entertainment’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts forecast that Live Nation Entertainment, Inc. will post 1.02 EPS for the current year.

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.