Live Nation Entertainment, Inc. (NYSE:LYV) CEO Michael Rapino sold 210,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $45.59, for a total transaction of $9,573,900.00. Following the completion of the transaction, the chief executive officer now owns 115,277 shares of the company’s stock, valued at $5,255,478.43. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, November 29th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $46.28, for a total transaction of $3,239,600.00.
  • On Wednesday, November 15th, 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.
  • On Friday, November 17th, Michael Rapino sold 210,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $45.14, for a total transaction of $9,479,400.00.
  • 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.
  • On Wednesday, November 8th, Michael Rapino sold 70,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $45.46, for a total transaction of $3,182,200.00.

Live Nation Entertainment, Inc. (LYV) traded down $0.68 during trading hours on Friday, reaching $44.70. 1,892,012 shares of the company’s stock were exchanged, compared to its average volume of 1,438,653. The company has a market cap of $9,240.00, a price-to-earnings ratio of 2,320.50 and a beta of 1.06. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. Live Nation Entertainment, Inc. has a 1-year low of $26.41 and a 1-year high of $46.99.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The company 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 business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 0.18 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Stephens restated 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. J P Morgan Chase & Co restated a “buy” rating on shares of Live Nation Entertainment in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 10th. Jefferies Group raised their price objective on shares of Live Nation Entertainment from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Macquarie restated a “buy” rating and set a $48.00 price objective on shares of Live Nation Entertainment in a research note on Sunday, November 5th. Four 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.86.

Several hedge funds and other institutional investors have recently made changes to their positions in LYV. Capstone Asset Management Co. boosted its holdings in shares of Live Nation Entertainment by 2.0% during the 2nd quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock valued at $447,000 after acquiring an additional 250 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Live Nation Entertainment by 95.0% during the 2nd quarter. Aperio Group LLC now owns 44,049 shares of the company’s stock valued at $1,535,000 after acquiring an additional 21,460 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Live Nation Entertainment by 23.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 105,071 shares of the company’s stock valued at $3,662,000 after acquiring an additional 20,007 shares during the last quarter. ING Groep NV purchased a new stake in shares of Live Nation Entertainment during the 2nd quarter valued at about $566,000. Finally, NGAM Advisors L.P. boosted its holdings in shares of Live Nation Entertainment by 4.5% during the 2nd quarter. NGAM Advisors L.P. now owns 257,692 shares of the company’s stock valued at $8,980,000 after acquiring an additional 11,098 shares during the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

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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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