Live Nation Entertainment, Inc. (NYSE:LYV) COO Joe Berchtold sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $43.08, for a total value of $861,600.00. Following the completion of the sale, the chief operating officer now owns 97,918 shares of the company’s stock, valued at $4,218,307.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Joe Berchtold also recently made the following trade(s):

  • On Wednesday, November 29th, Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $46.55, for a total value of $931,000.00.
  • On Wednesday, November 15th, Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $45.50, for a total value of $910,000.00.
  • On Wednesday, November 8th, Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $45.43, for a total value of $908,600.00.

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) opened at $43.35 on Monday. The firm has a market capitalization of $8,964.78, a price-to-earnings ratio of 2,167.50 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. Live Nation Entertainment, Inc. has a 1 year low of $26.41 and a 1 year high of $46.99.

Live Nation Entertainment (NYSE:LYV) last released 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 for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.49 earnings per share. sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 0.18 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its position in shares of Live Nation Entertainment by 8,038.5% during the 3rd 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 last quarter. William Blair Investment Management LLC bought a new stake in shares of Live Nation Entertainment during the 2nd quarter worth $109,693,000. Victory Capital Management Inc. lifted its position in shares of Live Nation Entertainment by 80.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,512 shares of the company’s stock worth $52,851,000 after buying an additional 678,283 shares during the last quarter. Scout Investments Inc. bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth $24,217,000. Finally, Vanguard Group Inc. lifted its position in shares of Live Nation Entertainment by 4.3% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 68.09% of the company’s stock.

Several analysts recently issued reports on LYV shares. Jefferies Group restated a “buy” rating and issued a $42.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, October 10th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 18th. Finally, Macquarie reiterated a “buy” rating and set a $48.00 target price on shares of Live Nation Entertainment in a research report on Sunday, November 5th. Four 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $42.86.

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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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