Rockingstone Advisors LLC Purchases 1,470 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Rockingstone Advisors LLC lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,054 shares of the company’s stock after buying an additional 1,470 shares during the period. Rockingstone Advisors LLC’s holdings in Live Nation Entertainment were worth $1,172,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

LYV has been the topic of a number of recent analyst reports. Citigroup boosted their target price on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. TD Cowen boosted their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Oppenheimer increased their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Roth Mkm upped their price objective on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $133.37 on Thursday. The company has a market cap of $30.99 billion, a price-to-earnings ratio of 141.88, a PEG ratio of 3.68 and a beta of 1.38. Live Nation Entertainment, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. 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 has a fifty day moving average price of $132.93 and a 200-day moving average price of $112.75.

Live Nation Entertainment (NYSE:LYV) last announced 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 for the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business’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. As a group, equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.04 EPS for the current fiscal 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.