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

Live Nation Entertainment, Inc. (NYSE:LYV) CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 10,549 shares of the company’s stock, valued at $1,300,058.76. This represents a 32.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Live Nation Entertainment Price Performance

Shares of LYV traded down $7.41 during mid-day trading on Thursday, reaching $115.51. The stock had a trading volume of 5,976,729 shares, compared to its average volume of 2,141,802. The firm 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, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75. The business has a fifty day moving average of $140.00 and a 200 day moving average of $126.32. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last released 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. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of research analyst reports. Roth Mkm lifted their price target on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Macquarie lifted their price target on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $146.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Guggenheim lifted their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Bank of America boosted their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 24th. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

Hedge Funds Weigh In On Live Nation Entertainment

Several hedge funds have recently modified their holdings of LYV. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment in the fourth quarter worth $29,000. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment during the third quarter valued at $31,000. World Investment Advisors LLC purchased a new stake in Live Nation Entertainment during the third quarter valued at $38,000. Murphy & Mullick Capital Management Corp purchased a new stake in Live Nation Entertainment during the fourth quarter valued at $40,000. Finally, Morse Asset Management Inc purchased a new stake in Live Nation Entertainment during the third quarter valued at $42,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

About Live Nation Entertainment

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.