Grandview Asset Management LLC Makes New $346,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Grandview Asset Management LLC bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,670 shares of the company’s stock, valued at approximately $346,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $31,000. World Investment Advisors LLC acquired a new position in Live Nation Entertainment during the 3rd quarter worth $38,000. Reston Wealth Management LLC bought a new stake in Live Nation Entertainment during the third quarter valued at about $41,000. Morse Asset Management Inc acquired a new stake in shares of Live Nation Entertainment in the third quarter valued at about $42,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of Live Nation Entertainment in the third quarter worth about $46,000. Institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

LYV has been the subject of several recent analyst reports. 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Guggenheim increased 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. Finally, Macquarie boosted their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and an average price target of $145.40.

Live Nation Entertainment Price Performance

Shares of LYV stock opened at $130.81 on Tuesday. The stock’s fifty day simple moving average is $132.66 and its 200 day simple moving average is $112.48. Live Nation Entertainment, Inc. has a one year low of $86.67 and a one year high of $141.18. The firm has a market cap of $30.39 billion, a price-to-earnings ratio of 139.16, a P/E/G ratio of 3.68 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. On average, analysts expect that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current fiscal year.

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.