Barclays PLC Has $40.09 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Barclays PLC grew its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 439,916 shares of the company’s stock after purchasing an additional 24,383 shares during the period. Barclays PLC’s holdings in Live Nation Entertainment were worth $40,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Marks Group Wealth Management Inc boosted its holdings 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 buying an additional 141 shares during the period. Stephens Inc. AR boosted its holdings in shares of Live Nation Entertainment by 2.3% during the third quarter. Stephens Inc. AR now owns 6,441 shares of the company’s stock worth $587,000 after purchasing an additional 145 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in shares of Live Nation Entertainment by 57.4% during the third quarter. SOA Wealth Advisors LLC. now owns 425 shares of the company’s stock worth $38,000 after purchasing an additional 155 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Live Nation Entertainment by 3.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,271 shares of the company’s stock worth $480,000 after purchasing an additional 188 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Live Nation Entertainment by 25.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,010 shares of the company’s stock worth $88,000 after purchasing an additional 205 shares during the period. Institutional investors own 74.26% of the company’s stock.

LYV opened at $114.81 on Friday. Live Nation Entertainment, Inc. has a fifty-two week low of $65.88 and a fifty-two week high of $127.75. The firm’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 results on Thursday, November 4th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.37. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm earned ($2.45) EPS. The firm’s quarterly revenue was up 1366.6% on a year-over-year basis. On average, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post -2.75 EPS for the current fiscal year.

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

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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