Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the sale, the chief accounting officer now owns 10,549 shares of the company's stock, valued at $1,300,058.76. This represents a 32.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Live Nation Entertainment Price Performance
Shares of LYV traded down $7.41 during mid-day trading on Thursday, reaching $115.51. The stock had a trading volume of 5,976,729 shares, compared to its average volume of 2,141,802. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75. The business has a fifty day moving average of $140.00 and a 200 day moving average of $126.32. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.
Wall Street Analysts Forecast Growth
LYV has been the subject of a number of research analyst reports. Roth Mkm lifted their price target on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Macquarie lifted their price target on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $146.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Guggenheim lifted their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Bank of America boosted their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $157.27.
Check Out Our Latest Stock Analysis on LYV
Hedge Funds Weigh In On Live Nation Entertainment
Several hedge funds have recently modified their holdings of LYV. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment in the fourth quarter worth $29,000. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment during the third quarter valued at $31,000. World Investment Advisors LLC purchased a new stake in Live Nation Entertainment during the third quarter valued at $38,000. Murphy & Mullick Capital Management Corp purchased a new stake in Live Nation Entertainment during the fourth quarter valued at $40,000. Finally, Morse Asset Management Inc purchased a new stake in Live Nation Entertainment during the third quarter valued at $42,000. Hedge funds and other institutional investors own 74.52% of the company's stock.
About Live Nation Entertainment
(
Get Free Report)
Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.
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