Donoghue Forlines LLC Takes $2.05 Million Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Donoghue Forlines LLC purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,862 shares of the company’s stock, valued at approximately $2,054,000. Live Nation Entertainment makes up about 0.7% of Donoghue Forlines LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LYV. Cromwell Holdings LLC increased its holdings in Live Nation Entertainment by 25.7% during the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after acquiring an additional 88 shares in the last quarter. Private Advisor Group LLC lifted its stake in Live Nation Entertainment by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock valued at $352,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. grew its holdings in Live Nation Entertainment by 21.2% during the 4th quarter. UMB Bank n.a. now owns 532 shares of the company’s stock valued at $69,000 after buying an additional 93 shares during the last quarter. Vontobel Holding Ltd. increased its position in Live Nation Entertainment by 1.4% during the third quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock worth $728,000 after buying an additional 95 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Live Nation Entertainment by 4.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,450 shares of the company’s stock worth $317,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on LYV. The Goldman Sachs Group raised their price target 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. TD Cowen lifted their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Trading Down 0.6 %

NYSE LYV opened at $137.77 on Thursday. Live Nation Entertainment, Inc. has a 52 week low of $86.67 and a 52 week high of $141.18. The stock has a market cap of $32.01 billion, a P/E ratio of 146.60, a PEG ratio of 1.61 and a beta of 1.38. 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 company’s fifty day simple moving average is $134.17 and its 200-day simple moving average is $114.33.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating 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 company had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the firm earned $1.78 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. Equities research analysts predict that Live Nation Entertainment, Inc. will post 1.02 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.