1,687 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Acquired by Trust Asset Management LLC

Trust Asset Management LLC purchased a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,687 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds have also made changes to their positions in LYV. Cromwell Holdings LLC boosted its holdings in shares of Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after purchasing an additional 88 shares during the last quarter. 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 worth $352,000 after acquiring an additional 89 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Live Nation Entertainment by 21.2% in the 4th quarter. UMB Bank n.a. now owns 532 shares of the company’s stock valued at $69,000 after purchasing an additional 93 shares in the last quarter. Vontobel Holding Ltd. increased its position in Live Nation Entertainment by 1.4% during 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 in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in Live Nation Entertainment by 4.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,450 shares of the company’s stock valued at $317,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LYV shares. Evercore ISI lifted their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Citigroup raised their target price on Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Roth Mkm lifted their price objective on Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, TD Cowen increased their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Stock Up 1.6 %

Shares of Live Nation Entertainment stock opened at $135.71 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $141.18. The firm has a market capitalization of $31.53 billion, a PE ratio of 144.37, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38. The stock’s fifty day moving average is $133.75 and its 200-day moving average is $113.85.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion for 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%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. Equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current year.

Live Nation Entertainment 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.