6,466 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,466 shares of the company’s stock, valued at approximately $837,000.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Live Nation Entertainment during the third quarter worth $31,000. World Investment Advisors LLC bought a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $38,000. Reston Wealth Management LLC bought a new stake in shares of Live Nation Entertainment in the third quarter valued at about $41,000. Morse Asset Management Inc acquired a new stake in Live Nation Entertainment during the third quarter worth about $42,000. Finally, Retirement Wealth Solutions LLC bought a new position in Live Nation Entertainment during the fourth quarter valued at about $44,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

Shares of LYV stock opened at $149.73 on Friday. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $150.50. The stock has a market capitalization of $34.79 billion, a PE ratio of 159.29, a PEG ratio of 1.67 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day moving average is $135.92 and its 200-day moving average is $117.89.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The company’s revenue was down 6.2% on a year-over-year basis. Equities research analysts expect that Live Nation Entertainment, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LYV shares. Bank of America lifted their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Macquarie lifted their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup lifted their target price on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI raised their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.40.

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.