5,426 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,426 shares of the company’s stock, valued at approximately $703,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYV. 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 position in Live Nation Entertainment in the 3rd quarter valued at about $38,000. Reston Wealth Management LLC bought a new stake in shares of Live Nation Entertainment during the third quarter worth approximately $41,000. Morse Asset Management Inc acquired a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in Live Nation Entertainment during the 4th quarter worth approximately $42,000. 74.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Benchmark increased their price objective on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Citigroup increased their target price on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Roth Mkm lifted their price objective on Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $146.68 on Wednesday. The stock has a market cap of $34.08 billion, a PE ratio of 156.04, a P/E/G ratio of 1.73 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $152.11. The business’s 50-day moving average price is $136.50 and its two-hundred day moving average price is $119.36.

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 analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the company earned $1.78 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, analysts expect that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current fiscal year.

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.