Live Nation Entertainment, Inc. (NYSE:LYV) COO Joe Berchtold sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $46.55, for a total value of $931,000.00. Following the transaction, the chief operating officer now directly owns 77,918 shares in the company, valued at approximately $3,627,082.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, November 15th, Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $45.50, for a total value of $910,000.00.
  • 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 value of $908,600.00.

Live Nation Entertainment, Inc. (NYSE:LYV) traded down $0.68 during trading on Friday, hitting $44.70. The stock had a trading volume of 1,892,012 shares, compared to its average volume of 2,529,120. Live Nation Entertainment, Inc. has a 52 week low of $26.41 and a 52 week high of $46.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $9,384.58, a P/E ratio of 2,269.00 and a beta of 1.05.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, November 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the company posted $0.49 EPS. Live Nation Entertainment’s revenue for the quarter was up 12.3% compared to the same quarter last year. sell-side analysts predict that Live Nation Entertainment, Inc. will post 0.18 EPS for the current year.

Several institutional investors have recently bought and sold shares of LYV. Assetmark Inc. acquired a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $134,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $167,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Live Nation Entertainment by 9.1% in the second 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 last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $209,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of Live Nation Entertainment in the second quarter valued at approximately $210,000. 68.08% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on LYV shares. Macquarie reissued a “buy” rating and set a $48.00 price target on shares of Live Nation Entertainment in a research report on Sunday, November 5th. J P Morgan Chase & Co reissued a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 18th. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, October 24th. Jefferies Group reissued a “buy” rating and set a $42.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, September 12th. Finally, Stephens reissued an “overweight” rating and set a $44.00 price target (up previously from $36.00) on shares of Live Nation Entertainment in a research report on Thursday, August 10th. 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 presently has a consensus rating of “Buy” and a consensus price target of $42.86.

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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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