Live Nation Entertainment, Inc. (NYSE:LYV) CFO Elizabeth Kathleen Willard sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $48.41, for a total value of $968,200.00. Following the transaction, the chief financial officer now owns 259,338 shares of the company’s stock, valued at $12,554,552.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Elizabeth Kathleen Willard also recently made the following trade(s):

  • On Wednesday, August 8th, Elizabeth Kathleen Willard sold 20,000 shares of Live Nation Entertainment stock. The shares were sold at an average price of $49.44, for a total value of $988,800.00.

LYV stock opened at $48.15 on Monday. Live Nation Entertainment, Inc. has a 1-year low of $35.94 and a 1-year high of $52.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of -100.31 and a beta of 1.03.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, July 26th. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Live Nation Entertainment had a negative return on equity of 2.49% and a negative net margin of 0.35%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. sell-side analysts expect that Live Nation Entertainment, Inc. will post 0.03 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board boosted its stake in Live Nation Entertainment by 27.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 9,709,300 shares of the company’s stock worth $471,581,000 after purchasing an additional 2,096,500 shares during the period. Select Equity Group L.P. bought a new position in Live Nation Entertainment in the 2nd quarter worth approximately $216,729,000. Northern Trust Corp boosted its stake in Live Nation Entertainment by 0.9% in the 1st quarter. Northern Trust Corp now owns 1,465,264 shares of the company’s stock worth $61,747,000 after purchasing an additional 12,803 shares during the period. Fiera Capital Corp boosted its stake in Live Nation Entertainment by 37.6% in the 1st quarter. Fiera Capital Corp now owns 1,296,515 shares of the company’s stock worth $54,635,000 after purchasing an additional 354,013 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Live Nation Entertainment by 23.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,143,345 shares of the company’s stock worth $48,181,000 after purchasing an additional 215,954 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

A number of research analysts recently issued reports on the company. Citigroup reiterated a “buy” rating and set a $56.00 price objective (up from $45.00) on shares of Live Nation Entertainment in a research note on Thursday, June 28th. ValuEngine downgraded Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 28th. JPMorgan Chase & Co. boosted their price objective on Live Nation Entertainment from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Goldman Sachs Group boosted their price objective on Live Nation Entertainment from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, Zacks Investment Research downgraded Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $55.21.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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