Live Nation Entertainment, Inc. (NYSE:LYV – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Analysis on LYV
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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