Research Analysts’ Recent Ratings Updates for Live Nation Entertainment (LYV)

A number of firms have modified their ratings and price targets on shares of Live Nation Entertainment (NYSE: LYV) recently:

• 11/20/2024 – Live Nation Entertainment was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/20/2024 – Live Nation Entertainment had its price target raised by analysts at Citigroup Inc. from $130.00 to $163.00. They now have a “buy” rating on the stock.
• 11/19/2024 – Live Nation Entertainment had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $130.00 to $150.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Live Nation Entertainment had its price target raised by analysts at Macquarie from $130.00 to $146.00. They now have an “outperform” rating on the stock.
• 11/14/2024 – Live Nation Entertainment had its price target raised by analysts at Bank of America Co. from $125.00 to $149.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Live Nation Entertainment had its price target raised by analysts at The Goldman Sachs Group, Inc. from $132.00 to $148.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Live Nation Entertainment was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at Oppenheimer Holdings Inc. from $120.00 to $155.00. They now have an “outperform” rating on the stock.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at Evercore ISI from $110.00 to $150.00. They now have an “outperform” rating on the stock.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at Guggenheim from $130.00 to $146.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at TD Cowen from $108.00 to $145.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Live Nation Entertainment had its price target raised by analysts at Benchmark Co. from $132.00 to $144.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Live Nation Entertainment had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $122.00 to $130.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Live Nation Entertainment had its price target raised by analysts at JPMorgan Chase & Co. from $118.00 to $137.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Live Nation Entertainment had its price target raised by analysts at Roth Mkm from $120.00 to $132.00. They now have a “buy” rating on the stock.
• 10/8/2024 – Live Nation Entertainment had its price target raised by analysts at Macquarie from $125.00 to $130.00. They now have an “outperform” rating on the stock.

Live Nation Entertainment Price Performance

LYV opened at $137.38 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 1 year low of $81.38 and a 1 year high of $141.18. The stock has a fifty day moving average price of $121.04 and a 200 day moving average price of $104.08. The stock has a market cap of $31.92 billion, a price-to-earnings ratio of 146.15, a PEG ratio of 3.73 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. Live Nation Entertainment’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. Analysts forecast that Live Nation Entertainment, Inc. will post 1.04 EPS for the current fiscal year.

Insider Activity at Live Nation Entertainment

In related news, CFO Joe Berchtold sold 29,310 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $2,857,725.00. Following the completion of the transaction, the chief financial officer now directly owns 566,722 shares of the company’s stock, valued at $55,255,395. This trade represents a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Hinson sold 5,640 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $95.18, for a total transaction of $536,815.20. Following the completion of the sale, the director now directly owns 53,949 shares in the company, valued at $5,134,865.82. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,799 shares of company stock worth $16,449,718. Company insiders own 2.72% of the company’s stock.

Institutional Trading of Live Nation Entertainment

Institutional investors have recently bought and sold shares of the stock. Select Equity Group L.P. increased its holdings in shares of Live Nation Entertainment by 12.3% in the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock valued at $1,213,053,000 after purchasing an additional 1,415,173 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Live Nation Entertainment by 1.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,722,620 shares of the company’s stock valued at $817,658,000 after buying an additional 155,920 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Live Nation Entertainment by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock valued at $787,950,000 after buying an additional 87,032 shares during the period. Geode Capital Management LLC raised its position in shares of Live Nation Entertainment by 9.4% during the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock worth $410,664,000 after acquiring an additional 321,832 shares during the last quarter. Finally, D1 Capital Partners L.P. boosted its holdings in Live Nation Entertainment by 44.6% in the second quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock valued at $332,171,000 after acquiring an additional 1,093,000 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

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.