7,215 Shares in Live Nation Entertainment, Inc. $LYV Purchased by State of Wyoming

State of Wyoming bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV) during the second quarter, Holdings Channel.com reports. The institutional investor bought 7,215 shares of the company’s stock, valued at approximately $1,321,000.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. grew its stake in Live Nation Entertainment by 70.0% in the 4th quarter. Bessemer Group Inc. now owns 1,843,750 shares of the company’s stock worth $262,733,000 after buying an additional 759,363 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Live Nation Entertainment by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 4,301,900 shares of the company’s stock valued at $610,707,000 after buying an additional 20,165 shares in the last quarter. CenterBook Partners LP lifted its holdings in shares of Live Nation Entertainment by 780.1% during the 4th quarter. CenterBook Partners LP now owns 22,143 shares of the company’s stock worth $3,155,000 after acquiring an additional 19,627 shares during the last quarter. ProShare Advisors LLC grew its position in Live Nation Entertainment by 45.0% in the fourth quarter. ProShare Advisors LLC now owns 41,642 shares of the company’s stock worth $5,934,000 after acquiring an additional 12,916 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Live Nation Entertainment in the fourth quarter worth $3,439,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $188.37 on Friday. The firm has a fifty day simple moving average of $178.64 and a two-hundred day simple moving average of $165.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 8.25. Live Nation Entertainment, Inc. has a twelve month low of $125.34 and a twelve month high of $189.25. The company has a market capitalization of $44.39 billion, a PE ratio of -166.70 and a beta of 1.12.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.66 by $0.39. Live Nation Entertainment had a return on equity of 54.61% and a net margin of 0.34%.The firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts expect that Live Nation Entertainment, Inc. will post 1.05 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on LYV. UBS Group raised their price target on Live Nation Entertainment from $181.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Citizens Jmp upped their price objective on Live Nation Entertainment from $190.00 to $215.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on Live Nation Entertainment from $199.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. The Goldman Sachs Group boosted their target price on Live Nation Entertainment from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Benchmark upped their target price on Live Nation Entertainment from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $197.19.

Live Nation Entertainment Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.