Live Nation Entertainment, Inc. (NYSE:LYV) CEO Michael Rapino sold 140,000 shares of the company’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $27.43, for a total transaction of $3,840,200.00. Following the completion of the sale, the chief executive officer now directly owns 816,196 shares of the company’s stock, valued at $22,388,256.28. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Friday, January 6th, Michael Rapino sold 140,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $27.55, for a total transaction of $3,857,000.00.

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) opened at 27.72 on Friday. The stock’s market capitalization is $5.61 billion. Live Nation Entertainment, Inc. has a 1-year low of $18.77 and a 1-year high of $29.04. The firm has a 50-day moving average of $27.37 and a 200 day moving average of $26.76.

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A number of research analysts have recently weighed in on the stock. Stephens raised shares of Live Nation Entertainment from an “equal weight” rating to an “overweight” rating and set a $33.00 target price for the company in a research report on Tuesday, November 8th. Jefferies Group reissued a “buy” rating and set a $32.00 target price (up from $31.00) on shares of Live Nation Entertainment in a research report on Tuesday, November 8th. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, October 26th. Albert Fried & Company reissued a “hold” rating on shares of Live Nation Entertainment in a research report on Wednesday. Finally, Citigroup Inc. increased their target price on shares of Live Nation Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, October 12th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Live Nation Entertainment has a consensus rating of “Buy” and an average target price of $31.88.

A number of hedge funds and other institutional investors have recently modified their holdings of LYV. Sentry Investments Corp. boosted its position in shares of Live Nation Entertainment by 299.7% in the second quarter. Sentry Investments Corp. now owns 4,444,900 shares of the company’s stock valued at $104,455,000 after buying an additional 3,332,900 shares during the period. Bloom Tree Partners LLC purchased a new position in shares of Live Nation Entertainment during the third quarter valued at about $27,172,000. Lord Abbett & CO. LLC purchased a new position in shares of Live Nation Entertainment during the second quarter valued at about $22,202,000. Artisan Partners Limited Partnership boosted its position in shares of Live Nation Entertainment by 274.9% in the second quarter. Artisan Partners Limited Partnership now owns 727,430 shares of the company’s stock valued at $17,095,000 after buying an additional 533,373 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Live Nation Entertainment by 69.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 941,265 shares of the company’s stock valued at $22,120,000 after buying an additional 386,462 shares during the period. 63.18% of the stock is owned by institutional investors and hedge funds.

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, and artist management. Its segments include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.

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