Trade Report: Today, Live Nation Entertainment Inc. (LYV) Rating Increased to Overweight at Stephens

Today, Live Nation Entertainment Inc. (LYV) Rating Increased to Overweight at Stephens

Live Nation Entertainment Inc. (NYSE:LYV) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report released on Tuesday. The firm currently has a $33.00 price objective on the stock. Stephens’ price objective would indicate a potential upside of 18.96% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Albert Fried & Company reaffirmed a “buy” rating and issued a $34.00 price target on shares of Live Nation Entertainment in a report on Tuesday, July 26th. JPMorgan Chase & Co. began coverage on Live Nation Entertainment in a report on Thursday, August 18th. They issued an “overweight” rating and a $34.00 price target for the company. Jefferies Group reaffirmed a “buy” rating and issued a $31.00 price target on shares of Live Nation Entertainment in a report on Friday, July 29th. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Wednesday, October 12th. Finally, Citigroup Inc. lifted their price target on Live Nation Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, October 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.75.

Shares of Live Nation Entertainment (NYSE:LYV) traded up 0.14% on Tuesday, hitting $27.74. 199,045 shares of the company’s stock traded hands. The company’s market cap is $5.61 billion. The firm’s 50-day moving average price is $27.63 and its 200 day moving average price is $25.84. Live Nation Entertainment has a 1-year low of $18.77 and a 1-year high of $29.04.

In other news, Director Mark S. Shapiro sold 22,642 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $28.08, for a total transaction of $635,787.36. Following the completion of the transaction, the director now directly owns 36,929 shares in the company, valued at approximately $1,036,966.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.16% of the company’s stock.

Several institutional investors have recently bought and sold shares of LYV. Fuller & Thaler Asset Management Inc. bought a new position in Live Nation Entertainment during the second quarter valued at about $115,000. Creative Planning raised its position in Live Nation Entertainment by 6.1% in the third quarter. Creative Planning now owns 4,334 shares of the company’s stock valued at $119,000 after buying an additional 249 shares during the last quarter. Seven Eight Capital LLC raised its position in Live Nation Entertainment by 30.8% in the first quarter. Seven Eight Capital LLC now owns 6,800 shares of the company’s stock valued at $152,000 after buying an additional 1,600 shares during the last quarter. Riverhead Capital Management LLC raised its position in Live Nation Entertainment by 179.4% in the third quarter. Riverhead Capital Management LLC now owns 5,900 shares of the company’s stock valued at $162,000 after buying an additional 3,788 shares during the last quarter. Finally, PICTET BANK & TRUST Ltd bought a new position in Live Nation Entertainment during the third quarter valued at about $203,000. Institutional investors own 63.14% of the company’s stock.

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