Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 9,600 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 55.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,012 shares of the company’s stock after acquiring an additional 9,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Live Nation Entertainment were worth $3,498,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LYV. Brooklyn Investment Group purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new stake in Live Nation Entertainment in the 4th quarter worth approximately $42,000. Retirement Wealth Solutions LLC purchased a new stake in Live Nation Entertainment during the 4th quarter valued at about $44,000. Independence Bank of Kentucky acquired a new stake in shares of Live Nation Entertainment in the fourth quarter worth $45,000. Finally, Reston Wealth Management LLC purchased a new position in Live Nation Entertainment during the third quarter valued at approximately $41,000. Institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LYV. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of Live Nation Entertainment in a research report on Thursday, February 20th. The Goldman Sachs Group boosted their price target on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Guggenheim upped their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Finally, Bank of America raised their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Live Nation Entertainment Stock Down 6.9 %

Shares of NYSE:LYV opened at $143.93 on Wednesday. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market cap of $33.44 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The company has a fifty day simple moving average of $139.69 and a 200 day simple moving average of $123.56.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.49. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal 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.