Live Nation Entertainment, Inc. (NYSE:LYV) CEO Michael Rapino sold 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $45.46, for a total transaction of $3,182,200.00. Following the completion of the transaction, the chief executive officer now owns 395,277 shares of the company’s stock, valued at $17,969,292.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, November 10th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $44.93, for a total transaction of $3,145,100.00.

Shares of Live Nation Entertainment, Inc. (LYV) opened at $44.93 on Tuesday. The firm has a market cap of $9,258.43, a P/E ratio of 2,238.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. Live Nation Entertainment, Inc. has a one year low of $26.41 and a one year high of $45.72.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The company had revenue of $3.56 billion during 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 company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. equities analysts anticipate that Live Nation Entertainment, Inc. will post 0.18 EPS for the current fiscal year.

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LYV has been the subject of a number of analyst reports. Macquarie restated a “buy” rating and issued a $48.00 price objective on shares of Live Nation Entertainment in a research report on Sunday, November 5th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, October 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, September 12th. Finally, William Blair began coverage on shares of Live Nation Entertainment in a research note on Friday, July 21st. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Live Nation Entertainment presently has an average rating of “Buy” and a consensus price target of $42.86.

Several hedge funds have recently bought and sold shares of LYV. Wellington Management Group LLP raised its stake in shares of Live Nation Entertainment by 95.9% during the first quarter. Wellington Management Group LLP now owns 29,373 shares of the company’s stock worth $892,000 after acquiring an additional 14,378 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Live Nation Entertainment by 57.3% during the first quarter. Janus Capital Management LLC now owns 40,900 shares of the company’s stock worth $1,242,000 after acquiring an additional 14,900 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Live Nation Entertainment by 2.0% during the second quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock worth $447,000 after acquiring an additional 250 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Live Nation Entertainment by 4.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 48,312 shares of the company’s stock worth $1,684,000 after acquiring an additional 2,071 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Live Nation Entertainment by 21.9% during the second quarter. LS Investment Advisors LLC now owns 10,879 shares of the company’s stock worth $379,000 after acquiring an additional 1,952 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment Company Profile

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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