Live Nation Entertainment, Inc. (NYSE:LYV) Director Sells $164,248.56 in Stock

Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) Director Ping Fu sold 1,701 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total transaction of $164,248.56. Following the completion of the transaction, the director now owns 15,128 shares of the company's stock, valued at $1,460,759.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Live Nation Entertainment Trading Down 0.5 %

LYV traded down $0.49 on Thursday, hitting $95.98. The company had a trading volume of 875,184 shares, compared to its average volume of 2,157,343. The business's fifty day simple moving average is $93.52 and its 200 day simple moving average is $95.30. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. Live Nation Entertainment, Inc. has a 12-month low of $76.48 and a 12-month high of $107.24. The company has a market cap of $22.05 billion, a PE ratio of 91.39, a PEG ratio of 2.18 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $1.02 earnings per share. Live Nation Entertainment's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts expect that Live Nation Entertainment, Inc. will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LYV. YHB Investment Advisors Inc. purchased a new position in shares of Live Nation Entertainment during the 1st quarter worth about $32,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock valued at $34,000 after buying an additional 202 shares during the period. Rise Advisors LLC grew its stake in shares of Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company's stock valued at $35,000 after buying an additional 159 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Live Nation Entertainment by 44.1% in the first quarter. Lindbrook Capital LLC now owns 389 shares of the company's stock worth $41,000 after buying an additional 119 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Live Nation Entertainment by 67.4% during the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $41,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 74.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LYV. Morgan Stanley restated an "overweight" rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Rosenblatt Securities restated a "buy" rating and issued a $123.00 price target on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Oppenheimer reiterated an "outperform" rating and set a $110.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, June 25th. JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $116.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, Benchmark reiterated a "buy" rating and issued a $132.00 price target on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $118.17.

Live Nation Entertainment Company Profile

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.