Live Nation Entertainment, Inc. (NYSE:LYV) insider Brian Capo sold 7,500 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the insider now directly owns 13,354 shares of the company’s stock, valued at approximately $540,837. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Live Nation Entertainment, Inc. (LYV) opened at 41.52 on Wednesday. The stock’s 50 day moving average is $38.71 and its 200 day moving average is $34.16. Live Nation Entertainment, Inc. has a 12-month low of $25.60 and a 12-month high of $42.20. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 5931.43 and a beta of 1.01.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Wednesday, August 9th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Live Nation Entertainment had a net margin of 0.25% and a return on equity of 1.60%. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Equities analysts expect that Live Nation Entertainment, Inc. will post $0.22 earnings per share for the current year.

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Several research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $42.00 price target on shares of Live Nation Entertainment in a research report on Tuesday. ValuEngine raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Guggenheim assumed coverage on shares of Live Nation Entertainment in a report on Wednesday, May 24th. They set a “buy” rating and a $40.00 price objective for the company. Citigroup Inc. reaffirmed a “buy” rating and set a $39.00 price objective (up previously from $32.00) on shares of Live Nation Entertainment in a report on Friday, May 19th. Finally, Northcoast Research lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Monday, June 19th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.71.

Several large investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Live Nation Entertainment by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,667 shares of the company’s stock valued at $372,000 after buying an additional 52 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Live Nation Entertainment by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock valued at $273,000 after buying an additional 63 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Live Nation Entertainment by 0.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,493 shares of the company’s stock valued at $679,000 after buying an additional 177 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Live Nation Entertainment by 2.0% in the 2nd quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock valued at $447,000 after buying an additional 250 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Live Nation Entertainment by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,699 shares of the company’s stock valued at $446,000 after buying an additional 346 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

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. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Insider Buying and Selling by Quarter for Live Nation Entertainment (NYSE:LYV)

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