Live Nation Entertainment, Inc. (NYSE:LYV) CEO Michael Rapino sold 210,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $43.21, for a total value of $9,074,100.00. Following the completion of the sale, the chief executive officer now owns 115,277 shares in the company, valued at approximately $4,981,119.17. The transaction 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 Wednesday, December 6th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $42.87, for a total value of $3,000,900.00.
  • On Wednesday, November 29th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $46.28, for a total value of $3,239,600.00.
  • On Friday, December 1st, Michael Rapino sold 210,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $45.59, for a total value of $9,573,900.00.
  • On Wednesday, November 15th, 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 value of $3,145,100.00.
  • 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 value 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 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) opened at $43.35 on Monday. Live Nation Entertainment, Inc. has a 52 week low of $26.41 and a 52 week high of $46.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $8,964.78, a price-to-earnings ratio of 2,167.50 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 Zacks’ 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 for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the business earned $0.49 EPS. Live Nation Entertainment’s revenue was up 12.3% on a year-over-year basis. equities analysts forecast that Live Nation Entertainment, Inc. will post 0.18 earnings per share for the current year.

A number of brokerages have recently weighed in on LYV. Zacks Investment Research lowered Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group increased their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. J P Morgan Chase & Co reiterated a “buy” rating on shares of Live Nation Entertainment in a research note 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 note on Sunday, November 5th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $42.86.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Live Nation Entertainment by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,866,455 shares of the company’s stock valued at $378,695,000 after purchasing an additional 451,457 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Live Nation Entertainment by 8,038.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 5,786,500 shares of the company’s stock valued at $252,002,000 after purchasing an additional 5,715,400 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Live Nation Entertainment by 2.4% in the 2nd quarter. Principal Financial Group Inc. now owns 5,200,396 shares of the company’s stock valued at $181,234,000 after purchasing an additional 120,428 shares in the last quarter. State Street Corp boosted its holdings in shares of Live Nation Entertainment by 2.8% in the 2nd quarter. State Street Corp now owns 3,497,318 shares of the company’s stock valued at $121,878,000 after purchasing an additional 95,764 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Live Nation Entertainment in the 2nd quarter valued at $109,693,000. Hedge funds and other institutional investors own 68.09% of the company’s stock.

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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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