Park Avenue Securities LLC Buys 923 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Park Avenue Securities LLC raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 44.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,998 shares of the company’s stock after purchasing an additional 923 shares during the quarter. Park Avenue Securities LLC’s holdings in Live Nation Entertainment were worth $388,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LYV. Cromwell Holdings LLC increased 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 valued at $47,000 after buying an additional 88 shares during the period. Private Advisor Group LLC raised its holdings in Live Nation Entertainment by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after purchasing an additional 89 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Live Nation Entertainment by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock worth $728,000 after purchasing an additional 95 shares during the period. Empirical Finance LLC boosted its stake in shares of Live Nation Entertainment by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock valued at $508,000 after purchasing an additional 105 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Live Nation Entertainment by 3.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,686 shares of the company’s stock valued at $477,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

LYV has been the topic of several research reports. Bank of America lifted their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Benchmark upped their price target on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Guggenheim upped their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, 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 report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Stock Performance

LYV opened at $140.68 on Friday. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $141.18. The company has a market cap of $32.69 billion, a price-to-earnings ratio of 149.66, a PEG ratio of 1.61 and a beta of 1.38. 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 company’s 50 day moving average is $134.60 and its 200 day moving average is $114.82.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results 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 return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the firm earned $1.78 EPS. Live Nation Entertainment’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities research 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.