Comprehensive Financial Planning Inc. PA Purchases New Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Comprehensive Financial Planning Inc. PA acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 409 shares of the company’s stock, valued at approximately $53,000.

Several other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Live Nation Entertainment by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock worth $106,319,000 after acquiring an additional 107,844 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Live Nation Entertainment by 392.4% in the third quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock worth $1,898,000 after buying an additional 13,815 shares in the last quarter. Natixis Advisors LLC increased its holdings in Live Nation Entertainment by 12.0% during the 3rd quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock worth $7,279,000 after acquiring an additional 7,136 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Live Nation Entertainment in the 3rd quarter valued at $441,000. Finally, Friedenthal Financial bought a new position in shares of Live Nation Entertainment in the fourth quarter worth $754,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. TD Cowen raised their price objective on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Bank of America increased their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Evercore ISI increased their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.40.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $147.14 on Tuesday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 156.53, a PEG ratio of 1.73 and a beta of 1.38. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $152.11. The firm’s 50-day moving average is $136.31 and its 200 day moving average is $118.99.

Live Nation Entertainment (NYSE:LYV) last posted its 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. The business had revenue of $7.65 billion during 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%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 EPS. Sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 EPS 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.