Live Nation Entertainment, Inc. $LYV Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,181 shares of the company’s stock after purchasing an additional 404 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Live Nation Entertainment were worth $8,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYV. GAMMA Investing LLC boosted its position in Live Nation Entertainment by 24.5% during the first quarter. GAMMA Investing LLC now owns 3,914 shares of the company’s stock worth $511,000 after acquiring an additional 771 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Live Nation Entertainment by 4.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,728 shares of the company’s stock worth $487,000 after purchasing an additional 154 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Live Nation Entertainment by 32.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,655 shares of the company’s stock worth $347,000 after purchasing an additional 645 shares during the last quarter. Spire Wealth Management boosted its stake in Live Nation Entertainment by 12.3% during the first quarter. Spire Wealth Management now owns 4,727 shares of the company’s stock worth $617,000 after buying an additional 517 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Live Nation Entertainment by 120.9% during the first quarter. Golden State Wealth Management LLC now owns 709 shares of the company’s stock worth $93,000 after buying an additional 388 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

Shares of LYV opened at $152.98 on Monday. Live Nation Entertainment, Inc. has a twelve month low of $112.88 and a twelve month high of $175.25. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. The firm has a market capitalization of $35.87 billion, a price-to-earnings ratio of 66.23, a PEG ratio of 13.16 and a beta of 1.40. The firm’s fifty day simple moving average is $161.87 and its 200-day simple moving average is $149.82.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. Equities analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LYV. The Goldman Sachs Group boosted their price target on shares of Live Nation Entertainment from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Rothschild & Co Redburn cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and upped their target price for the company from $144.00 to $170.00 in a research report on Tuesday, September 16th. Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a report on Thursday, July 24th. Rothschild Redb lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Live Nation Entertainment from $175.00 to $173.00 and set a “buy” rating on the stock in a research report on Thursday. Eighteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.89.

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.