Live Nation Entertainment (NYSE:LYV) Price Target Raised to $155.00 at Oppenheimer

Live Nation Entertainment (NYSE:LYV) had its price objective increased by Oppenheimer from $120.00 to $155.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Bank of America initiated coverage on Live Nation Entertainment in a research note on Wednesday, September 4th. They set a “buy” rating and a $125.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $123.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Live Nation Entertainment from $122.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Macquarie raised their price target on Live Nation Entertainment from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.77.

Live Nation Entertainment Price Performance

Shares of LYV opened at $129.67 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. The stock’s 50 day moving average is $110.72 and its two-hundred day moving average is $99.96. Live Nation Entertainment has a twelve month low of $81.38 and a twelve month high of $130.76. The firm has a market capitalization of $29.87 billion, a PE ratio of 137.95, a P/E/G ratio of 3.05 and a beta of 1.33.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 91.89% and a net margin of 2.11%. The firm had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. Research analysts anticipate that Live Nation Entertainment will post 1.16 earnings per share for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,327 shares in the company, valued at approximately $1,190,911.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the sale, the chief accounting officer now owns 12,327 shares in the company, valued at $1,190,911.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Rapino sold 98,849 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the transaction, the chief executive officer now owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,000 shares of company stock worth $17,238,181. 2.72% of the stock is owned by insiders.

Institutional Trading of Live Nation Entertainment

Several institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its holdings in Live Nation Entertainment by 15.4% in the third quarter. Daiwa Securities Group Inc. now owns 19,419 shares of the company’s stock valued at $2,126,000 after acquiring an additional 2,597 shares during the last quarter. Managed Asset Portfolios LLC raised its holdings in shares of Live Nation Entertainment by 0.7% in the 3rd quarter. Managed Asset Portfolios LLC now owns 40,303 shares of the company’s stock worth $4,413,000 after purchasing an additional 263 shares during the period. Okabena Investment Services Inc. grew its holdings in shares of Live Nation Entertainment by 6.9% during the 3rd quarter. Okabena Investment Services Inc. now owns 5,549 shares of the company’s stock worth $608,000 after purchasing an additional 357 shares during the period. Cerity Partners LLC increased its position in Live Nation Entertainment by 165.7% during the 3rd quarter. Cerity Partners LLC now owns 45,154 shares of the company’s stock worth $4,944,000 after purchasing an additional 28,162 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Live Nation Entertainment by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock valued at $106,319,000 after buying an additional 107,844 shares during the period. 74.52% of the stock is owned by hedge funds and other institutional investors.

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.