Live Nation Entertainment, Inc. (NYSE:LYV) Director Ariel Emanuel sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $41.56, for a total value of $415,600.00. Following the sale, the director now owns 85,737 shares of the company’s stock, valued at $3,563,229.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Live Nation Entertainment, Inc. (LYV) opened at 43.19 on Wednesday. Live Nation Entertainment, Inc. has a 1-year low of $26.41 and a 1-year high of $43.27. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 6170.00 and a beta of 1.01. The stock has a 50 day moving average price of $39.56 and a 200-day moving average price of $34.74.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Live Nation Entertainment had a return on equity of 1.60% and a net margin of 0.25%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities research analysts expect that Live Nation Entertainment, Inc. will post $0.22 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its position in shares of Live Nation Entertainment by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 10,667 shares of the company’s stock worth $372,000 after buying an additional 52 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Live Nation Entertainment by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock worth $273,000 after buying an additional 63 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Live Nation Entertainment by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,493 shares of the company’s stock worth $679,000 after buying an additional 177 shares during the last quarter. Capstone Asset Management Co. lifted its position in shares of Live Nation Entertainment by 2.0% in the second quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock worth $447,000 after buying an additional 250 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Live Nation Entertainment by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 14,699 shares of the company’s stock worth $446,000 after buying an additional 346 shares during the last quarter. 65.62% of the stock is owned by institutional investors.

Several equities research analysts have commented on LYV shares. Guggenheim started coverage on Live Nation Entertainment in a research note on Wednesday, May 24th. They set a “buy” rating and a $40.00 price target for the company. Jefferies Group LLC upped their price target on Live Nation Entertainment from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, June 27th. BidaskClub lowered Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. J P Morgan Chase & Co restated a “buy” rating on shares of Live Nation Entertainment in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.71.

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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