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 company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 10,549 shares in the company, valued at approximately $1,300,058.76. The trade was a 32.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Live Nation Entertainment Stock Down 6.0 %

Shares of LYV stock traded down $7.41 during mid-day trading on Thursday, hitting $115.51. 5,976,729 shares of the stock traded hands, compared to its average volume of 2,141,802. The stock has a market cap of $26.96 billion, a P/E ratio of 42.47, a P/E/G ratio of 1.81 and a beta of 1.38. 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 stock’s fifty day moving average is $140.00 and its two-hundred day moving average is $126.32. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. Equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Hedge Funds Weigh In On Live Nation Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment in the 4th quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new position in Live Nation Entertainment during the 3rd quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp purchased a new position in Live Nation Entertainment during the 4th quarter worth approximately $40,000. Golden State Wealth Management LLC purchased a new position in Live Nation Entertainment during the 4th quarter worth approximately $42,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Live Nation Entertainment during the 4th quarter worth approximately $44,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYV has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Guggenheim upped their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company 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.