Insider Selling: Live Nation Entertainment Director Sells 10,000 Shares of Stock (LYV)
Live Nation Entertainment (NYSE:LYV) Director Robert Ted Enloe III sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $20.04, for a total value of $200,400.00. Following the completion of the sale, the director now directly owns 29,884 shares in the company, valued at approximately $598,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Live Nation Entertainment (NYSE:LYV) traded up 1.61% during mid-day trading on Tuesday, hitting $20.83. 1,407,202 shares of the company’s stock traded hands. Live Nation Entertainment has a one year low of $9.67 and a one year high of $20.55. The stock’s 50-day moving average is $18.72 and its 200-day moving average is $17.80. The company’s market cap is $4.105 billion.
A number of analysts have recently weighed in on LYV shares. Analysts at Macquarie initiated coverage on shares of Live Nation Entertainment in a research note to investors on Thursday, January 2nd. They set an “outperform” rating and a $19.76 price target on the stock. Analysts at Evercore Partners raised their price target on shares of Live Nation Entertainment to $20.00 in a research note to investors on Wednesday, November 6th. They now have an “equal weight” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $22.95.
Live Nation Entertainment, Inc (NYSE:LYV), is a live entertainment company connecting more than 250 million fans across all of our platforms to over 180,000 events in approximately 47 countries.
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