Vivid Wealth Management LLC Makes New $2.50 Million Investment in Live Nation Entertainment, Inc. $LYV

Vivid Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,289 shares of the company’s stock, valued at approximately $2,498,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC grew its position in Live Nation Entertainment by 469.0% during the second quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 136 shares during the period. Atwood & Palmer Inc. acquired a new position in shares of Live Nation Entertainment in the 3rd quarter valued at about $33,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $34,000. Measured Risk Portfolios Inc. purchased a new position in Live Nation Entertainment in the third quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Live Nation Entertainment during the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LYV shares. Benchmark reissued a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. Susquehanna upped their target price on Live Nation Entertainment from $174.00 to $175.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Rothschild & Co Redburn downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating and raised their target price for the company from $144.00 to $170.00 in a report on Tuesday, September 16th. Weiss Ratings restated a “hold (c)” rating on shares of Live Nation Entertainment in a report on Monday, December 29th. Finally, Evercore ISI boosted their target price on shares of Live Nation Entertainment from $168.00 to $188.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $173.33.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $148.88 on Tuesday. The firm has a market cap of $34.95 billion, a price-to-earnings ratio of 107.89, a PEG ratio of 9.34 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 5.41. The business’s 50 day moving average is $139.12 and its two-hundred day moving average is $150.54. Live Nation Entertainment, Inc. has a 52-week low of $112.88 and a 52-week high of $175.25.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). Live Nation Entertainment had a return on equity of 97.90% and a net margin of 3.66%.The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.87 billion. During the same period in the previous year, the business posted $1.66 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Live Nation Entertainment Company 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.