Live Nation Entertainment, Inc. (NYSE:LYV) CAO Brian Capo Sells 5,066 Shares

Live Nation Entertainment, Inc. (NYSE:LYV) CAO Brian Capo sold 5,066 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares of the company’s stock, valued at approximately $1,300,058.76. This trade represents a 32.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Live Nation Entertainment Stock Performance

Shares of NYSE LYV opened at $119.25 on Friday. The company has a market cap of $27.83 billion, a PE ratio of 43.84, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50-day simple moving average of $139.52 and a 200-day simple moving average of $126.41.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (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 business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.67 billion. On average, equities analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Institutional Investors Weigh In On Live Nation Entertainment

Hedge funds have recently modified their holdings of the stock. Measured Risk Portfolios Inc. acquired a new position in Live Nation Entertainment during the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $31,000. World Investment Advisors LLC acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $38,000. Murphy & Mullick Capital Management Corp acquired a new position in Live Nation Entertainment during the fourth quarter valued at approximately $40,000. Finally, Morse Asset Management Inc acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $42,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Rosenblatt Securities restated a “buy” rating and set a $146.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Macquarie increased their price target on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Guggenheim increased their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Bank of America increased their price target on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Live Nation Entertainment has an average rating of “Moderate Buy” and an average price target of $157.27.

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.