Live Nation Entertainment, Inc. $LYV Shares Acquired by Aberdeen Group plc

Aberdeen Group plc boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 23.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,526 shares of the company’s stock after purchasing an additional 21,983 shares during the quarter. Aberdeen Group plc’s holdings in Live Nation Entertainment were worth $18,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LYV. Vanguard Group Inc. grew its position in shares of Live Nation Entertainment by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,306,413 shares of the company’s stock valued at $3,071,954,000 after buying an additional 423,541 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Live Nation Entertainment by 22.1% in the third quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock valued at $1,589,196,000 after acquiring an additional 1,763,511 shares during the period. Geode Capital Management LLC grew its holdings in shares of Live Nation Entertainment by 3.8% during the second quarter. Geode Capital Management LLC now owns 4,246,082 shares of the company’s stock valued at $639,849,000 after purchasing an additional 156,471 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Live Nation Entertainment by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,071,673 shares of the company’s stock worth $501,911,000 after purchasing an additional 212,592 shares during the period. Finally, Norges Bank bought a new stake in shares of Live Nation Entertainment in the 2nd quarter worth approximately $198,336,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Moffett Nathanson dropped their price objective on shares of Live Nation Entertainment from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Live Nation Entertainment from $173.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Zacks Research downgraded Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Guggenheim lowered 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. Finally, Morgan Stanley reduced their price target on Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Seventeen investment analysts have rated the stock with a Buy rating, three 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 a consensus rating of “Moderate Buy” and a consensus price target of $172.45.

Live Nation Entertainment Trading Down 0.5%

Shares of LYV stock opened at $156.82 on Thursday. The stock has a 50-day simple moving average of $145.41 and a 200 day simple moving average of $150.13. The stock has a market capitalization of $36.81 billion, a P/E ratio of 113.64, a P/E/G ratio of 10.61 and a beta of 1.18. Live Nation Entertainment, Inc. has a fifty-two week low of $112.88 and a fifty-two week high of $175.25. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 5.41.

About Live Nation Entertainment

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.