Harbor Investment Advisory LLC Has $317,000 Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Harbor Investment Advisory LLC boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,450 shares of the company’s stock after acquiring an additional 100 shares during the period. Harbor Investment Advisory LLC’s holdings in Live Nation Entertainment were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Live Nation Entertainment in the third quarter valued at $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Live Nation Entertainment in the 4th quarter valued at about $44,000. Reston Wealth Management LLC acquired a new stake in Live Nation Entertainment during the third quarter worth approximately $41,000. Morse Asset Management Inc bought a new stake in Live Nation Entertainment in the third quarter worth approximately $42,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Live Nation Entertainment in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 2.4 %

NYSE:LYV opened at $138.88 on Wednesday. Live Nation Entertainment, Inc. has a 52 week low of $86.67 and a 52 week high of $141.18. The firm has a 50-day moving average price of $133.93 and a two-hundred day moving average price of $114.16. The firm has a market cap of $32.27 billion, a price-to-earnings ratio of 147.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38. 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 issued its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the company posted $1.78 earnings per share. Live Nation Entertainment’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LYV has been the subject of several research analyst reports. Roth Mkm lifted their price objective on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. TD Cowen upped their price objective on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Benchmark upped their price target on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their target price on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.40.

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.