Live Nation Entertainment, Inc. (NYSE:LYV) CEO Michael Rapino sold 210,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $45.59, for a total value of $9,573,900.00. Following the completion of the transaction, the chief executive officer now directly owns 115,277 shares in the company, valued at $5,255,478.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, November 29th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $46.28, for a total value of $3,239,600.00.
  • On Wednesday, November 15th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $44.93, for a total value of $3,145,100.00.
  • On Friday, November 17th, Michael Rapino sold 210,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $45.14, for a total value of $9,479,400.00.
  • On Friday, November 10th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $44.93, for a total value of $3,145,100.00.
  • 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.

Live Nation Entertainment, Inc. (NYSE LYV) traded down $0.68 during midday trading on Friday, hitting $44.70. The stock had a trading volume of 1,892,012 shares, compared to its average volume of 2,529,120. 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 1 year low of $26.41 and a 1 year high of $46.99. The company has a market capitalization of $9,384.58, a P/E ratio of 2,269.00 and a beta of 1.05.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Live Nation Entertainment by 4.3% in the second quarter. Vanguard Group Inc. now owns 10,866,455 shares of the company’s stock worth $378,695,000 after buying an additional 451,457 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Live Nation Entertainment by 8,038.5% in the third quarter. Canada Pension Plan Investment Board now owns 5,786,500 shares of the company’s stock worth $252,002,000 after buying an additional 5,715,400 shares during the period. Principal Financial Group Inc. raised its stake in shares of Live Nation Entertainment by 2.4% in the second quarter. Principal Financial Group Inc. now owns 5,200,396 shares of the company’s stock worth $181,234,000 after buying an additional 120,428 shares during the period. State Street Corp raised its stake in shares of Live Nation Entertainment by 2.8% in the second quarter. State Street Corp now owns 3,497,318 shares of the company’s stock worth $121,878,000 after buying an additional 95,764 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Live Nation Entertainment in the second quarter worth about $109,693,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the company. Stephens reissued an “overweight” rating and issued a $44.00 target price (up from $36.00) on shares of Live Nation Entertainment in a research report on Thursday, August 10th. J P Morgan Chase & Co reissued a “buy” rating on shares of Live Nation Entertainment in a research report on Friday, August 11th. Zacks Investment Research cut Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 10th. Jefferies Group raised their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Macquarie reissued a “buy” rating and issued a $48.00 target price on shares of Live Nation Entertainment in a research report on Sunday, November 5th. Four equities 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 company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $42.86.

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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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