Live Nation Entertainment, Inc. (NYSE:LYV) saw some unusual options trading activity on Wednesday. Investors bought 2,151 call options on the stock. This represents an increase of approximately 1,196% compared to the average volume of 166 call options.

LYV has been the topic of several analyst reports. Macquarie restated a “buy” rating and issued a $48.00 price target on shares of Live Nation Entertainment in a research note on Sunday, November 5th. JPMorgan Chase & Co. restated a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, October 24th. Jefferies Group restated a “buy” rating and issued a $42.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, September 12th. Finally, Citigroup lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Saturday, December 30th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Live Nation Entertainment presently has an average rating of “Buy” and an average target price of $44.00.

Live Nation Entertainment (NYSE LYV) opened at $43.32 on Friday. Live Nation Entertainment has a 12 month low of $27.00 and a 12 month high of $46.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. The company has a market cap of $8,960.00, a P/E ratio of 2,114.56 and a beta of 1.06.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the business earned $0.49 EPS. Live Nation Entertainment’s revenue was up 12.3% compared to the same quarter last year. research analysts expect that Live Nation Entertainment will post 0.14 EPS for the current fiscal year.

In other Live Nation Entertainment news, COO Joe Berchtold sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $45.43, for a total value of $908,600.00. Following the sale, the chief operating officer now owns 117,918 shares in the company, valued at $5,357,014.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Rowles sold 46,511 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $43.35, for a total transaction of $2,016,251.85. Following the completion of the sale, the executive vice president now owns 192,054 shares in the company, valued at approximately $8,325,540.90. The disclosure for this sale can be found here. Insiders sold 1,106,511 shares of company stock worth $49,467,752 in the last 90 days. 4.77% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Live Nation Entertainment by 4.3% during the second quarter. Vanguard Group Inc. now owns 10,866,455 shares of the company’s stock valued at $378,695,000 after acquiring an additional 451,457 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Live Nation Entertainment by 8,038.5% during 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 acquiring an additional 5,715,400 shares during the period. State Street Corp increased its stake in shares of Live Nation Entertainment by 2.8% during the second quarter. State Street Corp now owns 3,497,318 shares of the company’s stock valued at $121,878,000 after acquiring an additional 95,764 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Live Nation Entertainment by 24.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,813,800 shares of the company’s stock valued at $78,991,000 after acquiring an additional 356,715 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Live Nation Entertainment by 2.9% during the second quarter. Northern Trust Corp now owns 1,699,291 shares of the company’s stock valued at $59,221,000 after acquiring an additional 47,743 shares during the period. Institutional investors and hedge funds own 68.06% of the company’s stock.

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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.

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