Wealthfront Advisers LLC Grows Stock Holdings in Live Nation Entertainment, Inc. $LYV

Wealthfront Advisers LLC increased its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 56.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,980 shares of the company’s stock after purchasing an additional 9,368 shares during the quarter. Wealthfront Advisers LLC’s holdings in Live Nation Entertainment were worth $4,245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC grew its holdings in shares of Live Nation Entertainment by 469.0% in the second quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock worth $25,000 after acquiring an additional 136 shares during the period. Atwood & Palmer Inc. bought a new stake in shares of Live Nation Entertainment during 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 valued at about $34,000. Measured Risk Portfolios Inc. bought a new position in shares of Live Nation Entertainment in the 3rd quarter worth approximately $37,000. Finally, Root Financial Partners LLC bought a new stake in Live Nation Entertainment during the third quarter valued at approximately $37,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Trading Up 2.5%

Live Nation Entertainment stock opened at $154.83 on Friday. Live Nation Entertainment, Inc. has a 1 year low of $112.88 and a 1 year high of $175.25. The firm’s 50 day moving average price is $143.86 and its 200-day moving average price is $149.90. The company has a debt-to-equity ratio of 5.41, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $36.34 billion, a P/E ratio of 112.19, a PEG ratio of 9.98 and a beta of 1.18.

Analyst Ratings Changes

Several research analysts have weighed in on LYV shares. Guggenheim dropped their price target on shares of Live Nation Entertainment from $172.00 to $168.00 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Moffett Nathanson lowered their target price on Live Nation Entertainment from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. The Goldman Sachs Group upped their price target on Live Nation Entertainment from $160.00 to $165.00 and gave the stock a “sell” rating in a research report on Friday, January 2nd. Evercore lifted their price objective on Live Nation Entertainment from $168.00 to $188.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Finally, Zacks Research lowered shares of Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $172.45.

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.