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 the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total transaction of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares in the company, valued at approximately $1,300,058.76. The trade was a 32.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Live Nation Entertainment Stock Up 3.0 %

LYV stock opened at $119.25 on Friday. The company’s 50 day moving average price is $139.52 and its 200 day moving average price is $126.41. 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, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion for 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%. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LYV shares. Guggenheim boosted their price target 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. Deutsche Bank Aktiengesellschaft upped their target price 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. JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Roth Mkm upped their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Citigroup increased their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned 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.

Hedge Funds Weigh In On Live Nation Entertainment

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

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.