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 transaction was disclosed in a legal filing with the SEC, 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.

Shares of Live Nation Entertainment, Inc. (LYV) traded down $0.68 during mid-day trading on Friday, hitting $44.70. The company had a trading volume of 1,892,012 shares, compared to its average volume of 1,438,653. 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 twelve month low of $26.41 and a twelve month high of $46.99. The company has a market cap of $9,240.00, a P/E ratio of 2,320.50 and a beta of 1.06.

Live Nation Entertainment (NYSE:LYV) last issued its 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). Live Nation Entertainment had a return on equity of 3.33% and a net margin of 0.50%. 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 earned $0.49 EPS. Live Nation Entertainment’s revenue for the quarter was up 12.3% on a year-over-year basis. analysts anticipate that Live Nation Entertainment, Inc. will post 0.18 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board increased its stake in shares of Live Nation Entertainment by 8,038.5% in the third quarter. Canada Pension Plan Investment Board now owns 5,786,500 shares of the company’s stock valued at $252,002,000 after buying an additional 5,715,400 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Live Nation Entertainment in the second quarter valued at about $109,693,000. Victory Capital Management Inc. grew its stake in Live Nation Entertainment by 80.9% during the second quarter. Victory Capital Management Inc. now owns 1,516,512 shares of the company’s stock worth $52,851,000 after purchasing an additional 678,283 shares during the period. Scout Investments Inc. acquired a new stake in Live Nation Entertainment during the third quarter worth approximately $24,217,000. Finally, Vanguard Group Inc. grew its stake in Live Nation Entertainment by 4.3% during the second quarter. Vanguard Group Inc. now owns 10,866,455 shares of the company’s stock worth $378,695,000 after purchasing an additional 451,457 shares during the period. 68.08% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. Macquarie reaffirmed a “buy” rating and set a $48.00 price target on shares of Live Nation Entertainment in a research report on Sunday, November 5th. 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 reaffirmed a “buy” rating and set a $42.00 price target on shares of Live Nation Entertainment in a research report on Monday, October 16th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 18th. Finally, Stephens reaffirmed 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 given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.86.

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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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