Live Nation Entertainment, Inc. (NYSE:LYV) COO Joe Berchtold sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $45.50, for a total transaction of $910,000.00. Following the completion of the transaction, the chief operating officer now directly owns 97,918 shares of the company’s stock, valued at $4,455,269. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Joe Berchtold also recently made the following trade(s):

  • On Wednesday, November 8th, Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $45.43, for a total transaction of $908,600.00.

Live Nation Entertainment, Inc. (LYV) traded down $0.02 during trading on Friday, hitting $45.34. 2,232,771 shares of the stock were exchanged, compared to its average volume of 1,376,403. Live Nation Entertainment, Inc. has a one year low of $26.41 and a one year high of $46.33. 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 firm has a market cap of $9,380.00, a P/E ratio of 2,308.00 and a beta of 1.06.

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 business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. analysts expect that Live Nation Entertainment, Inc. will post 0.18 earnings per share for the current year.

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A number of equities analysts recently weighed in on LYV shares. Zacks Investment Research lowered shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Stephens reaffirmed an “overweight” rating and issued a $44.00 target price (up from $36.00) on shares of Live Nation Entertainment in a research note on Thursday, August 10th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Live Nation Entertainment in a research note on Monday, October 16th. Finally, William Blair started coverage on shares of Live Nation Entertainment in a research note on Friday, July 21st. They issued an “outperform” rating for the company. Four 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 stock. Live Nation Entertainment has an average rating of “Buy” and an average price target of $42.86.

Institutional investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $134,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Live Nation Entertainment in the 3rd quarter valued at about $167,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Live Nation Entertainment by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock valued at $185,000 after purchasing an additional 445 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Live Nation Entertainment in the 3rd quarter valued at about $209,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Live Nation Entertainment in the 2nd quarter valued at about $210,000. Institutional investors own 68.32% of the company’s stock.

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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