Doliver Advisors LP Decreases Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Doliver Advisors LP reduced its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 4,791 shares of the company’s stock after selling 334 shares during the quarter. Doliver Advisors LP’s holdings in Live Nation Entertainment were worth $620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in Live Nation Entertainment in the 3rd quarter valued at about $31,000. World Investment Advisors LLC purchased a new position in Live Nation Entertainment in the third quarter valued at about $38,000. Reston Wealth Management LLC acquired a new stake in Live Nation Entertainment during the 3rd quarter valued at approximately $41,000. Morse Asset Management Inc acquired a new position in shares of Live Nation Entertainment in the 3rd quarter valued at approximately $42,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $46,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment Stock Performance

NYSE LYV traded down $0.01 on Monday, hitting $129.48. The stock had a trading volume of 745,515 shares, compared to its average volume of 1,304,119. The company’s 50-day moving average is $131.20 and its two-hundred day moving average is $110.84. Live Nation Entertainment, Inc. has a one year low of $86.67 and a one year high of $141.18. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 137.74, a P/E/G ratio of 3.68 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the firm earned $1.78 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. On average, analysts expect that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LYV shares. Evercore ISI upped their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Macquarie boosted their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.40.

Live Nation Entertainment Profile

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.