FFT Wealth Management LLC Increases Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

FFT Wealth Management LLC grew its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,360 shares of the company’s stock after purchasing an additional 224 shares during the period. FFT Wealth Management LLC’s holdings in Live Nation Entertainment were worth $306,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LYV. Brooklyn Investment Group bought a new position in Live Nation Entertainment during the third quarter valued at approximately $31,000. World Investment Advisors LLC bought a new position in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $38,000. Reston Wealth Management LLC purchased a new position in shares of Live Nation Entertainment in the third quarter valued at $41,000. Morse Asset Management Inc bought a new stake in Live Nation Entertainment in the third quarter worth $42,000. Finally, Golden State Wealth Management LLC purchased a new stake in Live Nation Entertainment during the fourth quarter valued at $42,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock opened at $143.93 on Wednesday. The stock has a market cap of $33.44 billion, a price-to-earnings ratio of 52.91, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The firm has a 50-day moving average of $139.69 and a two-hundred day moving average of $123.56. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Oppenheimer lifted their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Evercore ISI lifted their target price on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Roth Mkm increased their price target on Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Live Nation Entertainment Company 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.