Live Nation Entertainment, Inc. (NYSE:LYV) Director Jeffrey T. Hinson Sells 1,500 Shares

Live Nation Entertainment, Inc. (NYSE:LYV) Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the sale, the director now directly owns 59,789 shares in the company, valued at approximately $5,626,742.79. The sale was disclosed in a document filed with the SEC, which is available at this link.

Live Nation Entertainment Stock Performance

Shares of LYV stock traded up $0.31 during trading hours on Tuesday, hitting $96.84. The company’s stock had a trading volume of 1,672,924 shares, compared to its average volume of 2,172,322. The company has a 50 day moving average of $93.25 and a 200 day moving average of $95.23. The stock has a market cap of $22.25 billion, a PE ratio of 91.89, a price-to-earnings-growth ratio of 2.18 and a beta of 1.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. Live Nation Entertainment, Inc. has a 12-month low of $76.48 and a 12-month high of $107.24.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.02 EPS. On average, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. YHB Investment Advisors Inc. purchased a new stake in shares of Live Nation Entertainment during the first quarter worth $32,000. Rise Advisors LLC raised its holdings in Live Nation Entertainment by 90.3% in the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after acquiring an additional 159 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Live Nation Entertainment by 119.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Live Nation Entertainment by 44.1% during the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after purchasing an additional 119 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings 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 valued at $41,000 after purchasing an additional 176 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LYV shares. Benchmark restated a “buy” rating and set a $132.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, July 31st. Redburn Atlantic upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and raised their price target for the company from $114.00 to $115.00 in a report on Thursday, May 9th. Morgan Stanley reiterated an “overweight” rating and set a $120.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, June 12th. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research note on Friday, May 24th. Finally, Northcoast Research downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.17.

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.