Live Nation Entertainment Inc. (NYSE:LYV) Director Mark S. Shapiro sold 22,642 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $28.08, for a total value of $635,787.36. Following the completion of the sale, the director now owns 36,929 shares in the company, valued at $1,036,966.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Live Nation Entertainment Inc. (NYSE:LYV) traded down 0.29% during trading on Wednesday, reaching $27.77. The company had a trading volume of 106,077 shares. The company has a 50 day moving average of $27.65 and a 200-day moving average of $25.79. Live Nation Entertainment Inc. has a 52-week low of $18.77 and a 52-week high of $29.04. The firm’s market capitalization is $5.62 billion.

Several hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama boosted its stake in shares of Live Nation Entertainment by 0.3% in the second quarter. Retirement Systems of Alabama now owns 188,475 shares of the company’s stock valued at $4,429,000 after buying an additional 508 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Live Nation Entertainment during the second quarter valued at about $2,169,000. Oakbrook Investments LLC raised its position in shares of Live Nation Entertainment by 21.1% in the second quarter. Oakbrook Investments LLC now owns 14,650 shares of the company’s stock valued at $344,000 after buying an additional 2,550 shares during the period. LS Investment Advisors LLC raised its position in shares of Live Nation Entertainment by 66.0% in the second quarter. LS Investment Advisors LLC now owns 8,984 shares of the company’s stock valued at $211,000 after buying an additional 3,571 shares during the period. Finally, Nordea Investment Management AB purchased a new position in shares of Live Nation Entertainment during the second quarter valued at about $10,243,000. Institutional investors own 63.14% of the company’s stock.

A number of equities research analysts have issued reports on the company. Stephens upgraded Live Nation Entertainment from an “equal weight” rating to an “overweight” rating and set a $33.00 target price on the stock in a research note on Tuesday, November 8th. Jefferies Group restated a “buy” rating and set a $32.00 price objective (up from $31.00) on shares of Live Nation Entertainment in a research note on Tuesday, November 8th. Albert Fried & Company restated a “buy” rating and set a $34.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, October 26th. Finally, Citigroup Inc. lifted their price objective on shares of Live Nation Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Live Nation Entertainment presently has a consensus rating of “Buy” and an average price target of $31.75.

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About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. Its segments include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.

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