Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) Director Jeffrey T. Hinson sold 500 shares of Live Nation Entertainment stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the completion of the transaction, the director now directly owns 52,624 shares of the company's stock, valued at approximately $6,470,120.80. This represents a 0.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Live Nation Entertainment Price Performance
LYV opened at $115.51 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75. The stock has a fifty day moving average price of $140.00 and a 200 day moving average price of $126.32. The stock 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 (NYSE:LYV - Get Free Report) last posted 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. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. Analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on LYV. Guggenheim boosted their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Rosenblatt Securities reiterated a "buy" rating and set a $146.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Macquarie raised their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of Live Nation Entertainment in a research note on Thursday, February 20th. 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.com, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $157.27.
Read Our Latest Stock Report on Live Nation Entertainment
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Independent Franchise Partners LLP grew its holdings in Live Nation Entertainment by 207.6% during the fourth quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company's stock valued at $607,871,000 after purchasing an additional 3,168,210 shares during the last quarter. Groupama Asset Managment bought a new stake in Live Nation Entertainment during the fourth quarter valued at about $259,000,000. Norges Bank bought a new position in shares of Live Nation Entertainment in the fourth quarter worth about $255,955,000. ValueAct Holdings L.P. acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $111,094,000. Finally, PointState Capital LP acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $102,762,000. Institutional investors and hedge funds own 74.52% of the company's stock.
Live Nation Entertainment Company Profile
(
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.
Further Reading
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