Live Nation Entertainment, Inc. (NYSE:LYV) CEO Michael Rapino sold 70,000 shares of Live Nation Entertainment stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $44.93, for a total value of $3,145,100.00. Following the sale, the chief executive officer now directly owns 395,277 shares in the company, valued at $17,759,795.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Rapino also recently made the following trade(s):

  • On Wednesday, November 8th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $45.46, for a total value of $3,182,200.00.

Shares of Live Nation Entertainment, Inc. (LYV) traded up $0.16 during midday trading on Monday, reaching $44.93. 1,163,412 shares of the company’s stock traded hands, compared to its average volume of 1,861,693. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The company has a market cap of $9,258.43, a price-to-earnings ratio of 2,238.50 and a beta of 1.07. Live Nation Entertainment, Inc. has a 1-year low of $26.41 and a 1-year high of $45.72.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. research analysts expect that Live Nation Entertainment, Inc. will post 0.18 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in shares of Live Nation Entertainment during the third quarter valued at approximately $134,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Live Nation Entertainment during the third quarter valued at approximately $167,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Live Nation Entertainment by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock valued at $185,000 after buying an additional 445 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Live Nation Entertainment during the second quarter valued at approximately $210,000. Finally, Montag A & Associates Inc. bought a new stake in Live Nation Entertainment in the second quarter worth $261,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, October 24th. J P Morgan Chase & Co restated a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Live Nation Entertainment in a report on Monday, October 16th. Macquarie reissued a “buy” rating and issued a $48.00 price target on shares of Live Nation Entertainment in a report on Sunday, November 5th. Finally, William Blair initiated coverage on shares of Live Nation Entertainment in a report on Friday, July 21st. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Live Nation Entertainment presently has an average rating of “Buy” and an average price target of $42.86.

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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