HB Wealth Management LLC Has $653,000 Stock Holdings in Live Nation Entertainment, Inc. $LYV

HB Wealth Management LLC grew its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,318 shares of the company’s stock after buying an additional 203 shares during the period. HB Wealth Management LLC’s holdings in Live Nation Entertainment were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LYV. Procyon Advisors LLC increased its stake in shares of Live Nation Entertainment by 8.9% in the first quarter. Procyon Advisors LLC now owns 10,943 shares of the company’s stock valued at $1,429,000 after buying an additional 894 shares during the period. SOA Wealth Advisors LLC. increased its stake in shares of Live Nation Entertainment by 678.4% in the first quarter. SOA Wealth Advisors LLC. now owns 3,892 shares of the company’s stock valued at $508,000 after buying an additional 3,392 shares during the period. Farther Finance Advisors LLC grew its stake in Live Nation Entertainment by 72.6% during the first quarter. Farther Finance Advisors LLC now owns 744 shares of the company’s stock worth $98,000 after purchasing an additional 313 shares during the period. GAMMA Investing LLC grew its stake 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 purchasing an additional 771 shares during the period. Finally, Curated Wealth Partners LLC acquired a new stake in Live Nation Entertainment during the first quarter worth approximately $1,120,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on LYV shares. The Goldman Sachs Group raised their target price on Live Nation Entertainment from $168.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup raised their target price on Live Nation Entertainment from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Benchmark raised their target price on Live Nation Entertainment from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Morgan Stanley set a $180.00 target price on Live Nation Entertainment in a research note on Thursday, July 24th. Finally, Moffett Nathanson began coverage on Live Nation Entertainment in a research note on Monday, August 18th. They set a “buy” rating and a $195.00 target price for the company. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and an average price target of $171.42.

Live Nation Entertainment Stock Down 0.4%

LYV stock opened at $156.01 on Friday. Live Nation Entertainment, Inc. has a twelve month low of $109.15 and a twelve month high of $175.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38. The stock’s 50 day moving average is $161.58 and its 200-day moving average is $146.70. The firm has a market capitalization of $36.58 billion, a PE ratio of 67.54, a P/E/G ratio of 10.63 and a beta of 1.40.

Live Nation Entertainment (NYSE:LYV) last posted its 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). The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.93 billion. Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Sell-side analysts expect that Live Nation Entertainment, Inc. will post 2.38 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.