Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 439,916 shares of the company’s stock after purchasing an additional 24,383 shares during the period. Barclays PLC owned 0.20% of Live Nation Entertainment worth $40,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Marks Group Wealth Management Inc increased its position in shares of Live Nation Entertainment by 5.5% in the second quarter. Marks Group Wealth Management Inc now owns 2,689 shares of the company’s stock worth $236,000 after acquiring an additional 141 shares in the last quarter. Stephens Inc. AR increased its position in shares of Live Nation Entertainment by 2.3% in the third quarter. Stephens Inc. AR now owns 6,441 shares of the company’s stock worth $587,000 after acquiring an additional 145 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in shares of Live Nation Entertainment by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 425 shares of the company’s stock worth $38,000 after acquiring an additional 155 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Live Nation Entertainment by 3.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,271 shares of the company’s stock worth $480,000 after acquiring an additional 188 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Live Nation Entertainment by 25.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,010 shares of the company’s stock worth $88,000 after acquiring an additional 205 shares in the last quarter. 74.26% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. TheStreet raised shares of Live Nation Entertainment from a “d+” rating to a “c” rating in a research report on Thursday, November 4th. Cowen upped their target price on shares of Live Nation Entertainment from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, November 2nd. Citigroup upped their target price on shares of Live Nation Entertainment from $98.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, November 11th. JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $92.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, November 1st. Finally, The Goldman Sachs Group upped their target price on shares of Live Nation Entertainment from $112.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, November 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $114.57.

NYSE LYV opened at $114.81 on Friday. Live Nation Entertainment, Inc. has a 12 month low of $65.88 and a 12 month high of $127.75. The company’s fifty day moving average price is $112.95 and its two-hundred day moving average price is $97.41.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, November 4th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.37. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company earned ($2.45) earnings per share. The company’s revenue was up 1366.6% compared to the same quarter last year. On average, research analysts expect that Live Nation Entertainment, Inc. will post -2.75 EPS for the current fiscal year.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as an entertainment company. The firm engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising and Ticketing. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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