Live Nation Entertainment (NYSE:LYV) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a research report released on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a $146.00 price objective on the stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Roth Mkm upped their price target on Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Oppenheimer raised their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Macquarie increased 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 report on Friday, November 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.47.

Live Nation Entertainment Trading Up 0.6 %

NYSE:LYV opened at $154.73 on Tuesday. The stock has a fifty day simple moving average of $138.26 and a 200 day simple moving average of $121.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $35.95 billion, a price-to-earnings ratio of 164.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. Live Nation Entertainment has a 1-year low of $86.81 and a 1-year high of $155.05.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its position in shares of Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company’s stock valued at $65,000 after purchasing an additional 75 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of Live Nation Entertainment by 19.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares during the last quarter. Western Pacific Wealth Management LP boosted its position in shares of Live Nation Entertainment by 10.4% in the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock valued at $112,000 after acquiring an additional 82 shares during the period. Cromwell Holdings LLC increased its holdings in shares of Live Nation Entertainment by 25.7% during the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after purchasing an additional 88 shares during the period. Finally, Private Advisor Group LLC increased its stake 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 valued at $352,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

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.