Live Nation Entertainment, Inc. (LYV) COO Joe Berchtold Sells 20,000 Shares

Live Nation Entertainment, Inc. (NYSE:LYV) COO Joe Berchtold sold 20,000 shares of the 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 completion of the transaction, the chief operating officer now owns 77,918 shares in the company, valued at approximately $3,627,082.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joe Berchtold also recently made the following trade(s):

  • On Wednesday, December 6th, Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock. The stock was sold at an average price of $43.08, for a total value of $861,600.00.
  • 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.

Live Nation Entertainment, Inc. (LYV) opened at $42.63 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. Live Nation Entertainment, Inc. has a 12 month low of $26.41 and a 12 month high of $46.99. The company has a market capitalization of $8,820.00, a price-to-earnings ratio of 2,131.50 and a beta of 1.05.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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 company earned $0.49 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. research analysts predict that Live Nation Entertainment, Inc. will post 0.17 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its stake in Live Nation Entertainment by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 10,667 shares of the company’s stock worth $372,000 after acquiring an additional 52 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Live Nation Entertainment by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock valued at $273,000 after buying an additional 63 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Live Nation Entertainment by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,493 shares of the company’s stock valued at $679,000 after buying an additional 177 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Live Nation Entertainment by 2.0% in the second quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock valued at $447,000 after buying an additional 250 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Live Nation Entertainment by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock valued at $185,000 after buying an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 68.09% of the company’s stock.

A number of brokerages have issued reports on LYV. Zacks Investment Research cut Live Nation Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group upped their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 18th. Finally, Macquarie reaffirmed a “buy” rating and set a $48.00 target price on shares of Live Nation Entertainment in a research report on Sunday, November 5th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Live Nation Entertainment currently has an average rating of “Buy” and an average 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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