Live Nation Entertainment, Inc. (NYSE:LYV – Get Free Report) CEO Michael Rapino sold 98,849 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the sale, the chief executive officer now owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Live Nation Entertainment Price Performance
Shares of LYV stock opened at $98.85 on Friday. Live Nation Entertainment, Inc. has a 1-year low of $76.48 and a 1-year high of $107.24. The stock’s 50-day moving average is $94.89 and its 200 day moving average is $95.91. The company has a market cap of $22.71 billion, a P/E ratio of 94.14, a PEG ratio of 2.29 and a beta of 1.34. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92.
Live Nation Entertainment (NYSE:LYV – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.03). The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. Live Nation Entertainment’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.02 EPS. Research analysts predict that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Live Nation Entertainment
Institutional Investors Weigh In On Live Nation Entertainment
Large investors have recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new position in Live Nation Entertainment in the 1st quarter worth approximately $32,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Live Nation Entertainment by 119.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after acquiring an additional 202 shares during the period. Rise Advisors LLC increased its stake in shares of Live Nation Entertainment by 90.3% in the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after acquiring an additional 159 shares during the period. Lindbrook Capital LLC increased its stake in shares of Live Nation Entertainment by 44.1% in the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after acquiring an additional 119 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Live Nation Entertainment by 67.4% in the second quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $41,000 after acquiring an additional 176 shares during the period. 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.
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