Fifth Third Wealth Advisors LLC Buys 297 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Fifth Third Wealth Advisors LLC increased its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 14.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,346 shares of the company’s stock after acquiring an additional 297 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Live Nation Entertainment were worth $304,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cromwell Holdings LLC boosted its holdings in shares of Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after buying an additional 88 shares during the last quarter. Private Advisor Group LLC raised its position in Live Nation Entertainment by 2.8% during the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after acquiring an additional 89 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Live Nation Entertainment by 1.4% in the third quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock valued at $728,000 after acquiring an additional 95 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Live Nation Entertainment by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock worth $508,000 after purchasing an additional 105 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Live Nation Entertainment by 3.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,686 shares of the company’s stock valued at $477,000 after purchasing an additional 125 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Guggenheim boosted their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Benchmark increased their price target on Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Bank of America lifted their price objective on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer upped their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Price Performance

Shares of NYSE LYV opened at $135.71 on Friday. The business has a fifty day moving average price of $133.51 and a two-hundred day moving average price of $113.32. The stock has a market capitalization of $31.53 billion, a PE ratio of 144.37, a P/E/G ratio of 1.50 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, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $141.18.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. Live Nation Entertainment’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 firm earned $1.78 earnings per share. As a group, equities analysts predict that Live Nation Entertainment, Inc. will post 1.02 earnings per share 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.