Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,624 shares of the company’s stock after selling 403 shares during the period. Crossmark Global Holdings Inc.’s holdings in Live Nation Entertainment were worth $1,116,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Cromwell Holdings LLC lifted its stake in shares of Live Nation Entertainment by 25.7% during the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after purchasing an additional 88 shares in the last quarter. Private Advisor Group LLC lifted its position in Live Nation Entertainment by 2.8% during the 3rd 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. UMB Bank n.a. boosted its holdings in Live Nation Entertainment by 21.2% in the 4th quarter. UMB Bank n.a. now owns 532 shares of the company’s stock worth $69,000 after acquiring an additional 93 shares during the period. Vontobel Holding Ltd. grew its position 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 in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in shares of Live Nation Entertainment by 4.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,450 shares of the company’s stock valued at $317,000 after purchasing an additional 100 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LYV shares. Oppenheimer raised their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Guggenheim lifted their target price 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. Macquarie increased their price target on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. JPMorgan Chase & Co. lifted their price objective on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Bank of America raised their price target 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. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.40.

Live Nation Entertainment Stock Up 1.1 %

NYSE:LYV opened at $140.68 on Friday. The firm has a market capitalization of $32.69 billion, a PE ratio of 149.66, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38. Live Nation Entertainment, Inc. has a 52 week low of $86.67 and a 52 week high of $141.18. 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 stock has a 50 day moving average of $134.60 and a 200-day moving average of $114.82.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion for 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 firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the company earned $1.78 earnings per share. Analysts predict that Live Nation Entertainment, Inc. will post 1.02 EPS for the current 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.