Live Nation Entertainment, Inc. (NYSE:LYV) COO Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $45.43, for a total transaction of $908,600.00. Following the transaction, the chief operating officer now directly owns 117,918 shares of the company’s stock, valued at $5,357,014.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Live Nation Entertainment, Inc. (LYV) traded up $0.16 during trading hours on Monday, reaching $44.93. 1,163,412 shares of the company were exchanged, compared to its average volume of 1,861,693. The stock has a market capitalization of $9,258.43, a price-to-earnings ratio of 2,238.50 and a beta of 1.07. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. Live Nation Entertainment, Inc. has a 52 week low of $26.41 and a 52 week high of $45.72.

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

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Institutional investors and hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC increased its holdings in shares of Live Nation Entertainment by 58.5% during the second quarter. IHT Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $280,000 after acquiring an additional 950 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Live Nation Entertainment during the third quarter valued at about $134,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Live Nation Entertainment during the third quarter valued at about $167,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Live Nation Entertainment by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock valued at $185,000 after acquiring an additional 445 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of Live Nation Entertainment during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Several research analysts have commented on the stock. Stephens reaffirmed an “overweight” rating and set a $44.00 price objective (up from $36.00) on shares of Live Nation Entertainment in a research note on Thursday, August 10th. BidaskClub raised shares of Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group LLC lifted their price objective on shares of Live Nation Entertainment from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Live Nation Entertainment in a research note on Friday, August 11th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Live Nation Entertainment has a consensus rating of “Buy” and a consensus target price of $42.86.

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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