Live Nation Entertainment, Inc. (NYSE:LYV) CEO Michael Rapino sold 70,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.93, for a total transaction of $3,145,100.00. Following the transaction, the chief executive officer now owns 185,277 shares in the company, valued at approximately $8,324,495.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, November 17th, Michael Rapino sold 210,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $45.14, for a total transaction of $9,479,400.00.
  • 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.
  • On Wednesday, November 8th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $45.46, for a total transaction of $3,182,200.00.

Live Nation Entertainment, Inc. (NYSE:LYV) opened at $45.34 on Monday. 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 52-week low of $26.41 and a 52-week high of $46.33. The firm has a market cap of $9,376.31, a P/E ratio of 2,267.00 and a beta of 1.07.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the business posted $0.49 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. sell-side analysts predict that Live Nation Entertainment, Inc. will post 0.18 EPS for the current fiscal year.

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A number of brokerages recently weighed in on LYV. Stephens restated an “overweight” rating and set a $44.00 price objective (up previously from $36.00) on shares of Live Nation Entertainment in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group LLC increased their price objective on shares of Live Nation Entertainment from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. J P Morgan Chase & Co restated a “buy” rating on shares of Live Nation Entertainment in a research report on Friday, August 11th. Finally, Macquarie restated a “buy” rating and set a $48.00 price objective 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $42.86.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LYV. Canada Pension Plan Investment Board raised its position in 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 acquiring an additional 5,715,400 shares during the period. William Blair Investment Management LLC bought a new position in Live Nation Entertainment in the second quarter worth approximately $109,693,000. Acadian Asset Management LLC raised its position in Live Nation Entertainment by 818.0% in the second quarter. Acadian Asset Management LLC now owns 1,086,576 shares of the company’s stock worth $37,868,000 after acquiring an additional 968,217 shares during the period. Victory Capital Management Inc. raised its position in Live Nation Entertainment by 80.9% in the second quarter. Victory Capital Management Inc. now owns 1,516,512 shares of the company’s stock worth $52,851,000 after acquiring an additional 678,283 shares during the period. Finally, Scout Investments Inc. bought a new position in Live Nation Entertainment in the third quarter worth approximately $24,217,000. Institutional investors and hedge funds own 68.67% of the company’s stock.

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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