Live Nation Entertainment Inc. (NYSE:LYV) Director Robert Ted Enloe III sold 10,000 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $27.78, for a total value of $277,800.00. Following the completion of the sale, the director now owns 35,398 shares in the company, valued at approximately $983,356.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Live Nation Entertainment Inc. (NYSE:LYV) opened at 27.77 on Tuesday. The company’s 50-day moving average price is $27.63 and its 200-day moving average price is $25.91. Live Nation Entertainment Inc. has a 12 month low of $18.77 and a 12 month high of $29.04. The company’s market cap is $5.62 billion.

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A number of large investors have recently bought and sold shares of the stock. Sentry Investments Corp. increased its stake in Live Nation Entertainment by 299.7% in the second quarter. Sentry Investments Corp. now owns 4,444,900 shares of the company’s stock worth $104,455,000 after buying an additional 3,332,900 shares in the last quarter. Bloom Tree Partners LLC acquired a new stake in Live Nation Entertainment during the third quarter worth approximately $27,172,000. Lord Abbett & CO. LLC acquired a new stake in Live Nation Entertainment during the second quarter worth approximately $22,202,000. Victory Capital Management Inc. increased its stake in Live Nation Entertainment by 337.4% in the second quarter. Victory Capital Management Inc. now owns 782,566 shares of the company’s stock worth $18,389,000 after buying an additional 603,664 shares in the last quarter. Finally, Boston Partners increased its stake in Live Nation Entertainment by 66.7% in the second quarter. Boston Partners now owns 1,475,100 shares of the company’s stock worth $34,664,000 after buying an additional 590,099 shares in the last quarter. Institutional investors own 63.25% of the company’s stock.

A number of analysts have weighed in on LYV shares. Zacks Investment Research lowered Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Stephens initiated coverage on Live Nation Entertainment in a research report on Thursday, October 6th. They set an “equal weight” rating and a $30.00 price target on the stock. They noted that the move was a valuation call. JPMorgan Chase & Co. initiated coverage on Live Nation Entertainment in a research report on Thursday, August 18th. They set an “overweight” rating and a $34.00 price target on the stock. Citigroup Inc. increased their price target on Live Nation Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, October 12th. Finally, Jefferies Group reissued a “buy” rating and set a $32.00 price target (up previously from $31.00) on shares of Live Nation Entertainment in a research report on Tuesday, November 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Live Nation Entertainment has a consensus rating of “Buy” and an average target price of $31.75.

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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