Ameritas Advisory Services LLC Sells 4,943 Shares of Live Nation Entertainment, Inc. $LYV

Ameritas Advisory Services LLC cut its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 85.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 857 shares of the company’s stock after selling 4,943 shares during the period. Ameritas Advisory Services LLC’s holdings in Live Nation Entertainment were worth $140,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC raised its stake in shares of Live Nation Entertainment by 469.0% during the 2nd quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 136 shares during the period. Atwood & Palmer Inc. bought a new stake in Live Nation Entertainment in the third quarter worth about $33,000. Heartwood Wealth Advisors LLC purchased a new position in Live Nation Entertainment in the third quarter valued at about $34,000. Measured Risk Portfolios Inc. bought a new position in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $37,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $37,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LYV. UBS Group initiated coverage on Live Nation Entertainment in a research note on Tuesday, November 25th. They set a “buy” rating and a $164.00 price target for the company. Roth Mkm set a $174.00 price target on shares of Live Nation Entertainment in a research report on Thursday, February 12th. Rothschild & Co Redburn dropped their price target on shares of Live Nation Entertainment from $170.00 to $166.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. JPMorgan Chase & Co. reduced their price objective on shares of Live Nation Entertainment from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Finally, Guggenheim dropped their target price on Live Nation Entertainment from $172.00 to $168.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.45.

Live Nation Entertainment Price Performance

LYV opened at $156.82 on Thursday. The company has a debt-to-equity ratio of 5.41, a current ratio of 0.92 and a quick ratio of 0.92. Live Nation Entertainment, Inc. has a 1 year low of $112.88 and a 1 year high of $175.25. The stock’s 50 day simple moving average is $145.41 and its 200 day simple moving average is $150.13. The firm has a market cap of $36.81 billion, a price-to-earnings ratio of 113.64, a PEG ratio of 10.61 and a beta of 1.18.

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.