Live Nation Entertainment, Inc. (NYSE:LYV) CEO Michael Rapino sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $45.46, for a total transaction of $3,182,200.00. Following the sale, the chief executive officer now directly owns 395,277 shares in the company, valued at approximately $17,969,292.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Michael Rapino also recently made the following trade(s):

  • On Friday, November 10th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $44.93, for a total transaction of $3,145,100.00.

Shares of Live Nation Entertainment, Inc. (LYV) traded up $0.16 on Monday, reaching $44.93. 1,163,412 shares of the company’s stock traded hands, compared to its average volume of 1,861,693. The stock has a market cap of $9,258.43, a PE ratio of 2,238.50 and a beta of 1.07. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. Live Nation Entertainment, Inc. has a fifty-two week low of $26.41 and a fifty-two week high of $45.72.

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

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A number of brokerages have recently commented on LYV. Zacks Investment Research lowered shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Stephens reissued an “overweight” rating and issued a $44.00 price target (up previously from $36.00) on shares of Live Nation Entertainment in a report 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 price objective on shares of Live Nation Entertainment in a research note on Monday, October 16th. Finally, William Blair initiated coverage on shares of Live Nation Entertainment in a research note on Friday, July 21st. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $42.86.

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. bought a new position in Live Nation Entertainment in the 3rd quarter worth $134,000. Massey Quick Simon & CO. LLC bought a new position in Live Nation Entertainment in the 3rd quarter worth $167,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Live Nation Entertainment by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock worth $185,000 after purchasing an additional 445 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in Live Nation Entertainment in the 2nd quarter worth $210,000. Finally, Montag A & Associates Inc. bought a new position in Live Nation Entertainment in the 2nd quarter worth $261,000. Institutional investors and hedge funds 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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