Today, 10,000 Shares of Stock are sold by Live Nation Entertainment Inc. (LYV) Director Robert Ted Enloe III

Today, 10,000 Shares of Stock are sold by Live Nation Entertainment Inc. (LYV) Director Robert Ted Enloe III

Live Nation Entertainment Inc. (NYSE:LYV) Director Robert Ted Enloe III sold 10,000 shares of Live Nation Entertainment stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $27.78, for a total value of $277,800.00. Following the completion of the sale, the director now owns 35,398 shares in the company, valued at approximately $983,356.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Live Nation Entertainment Inc. (NYSE:LYV) opened at 27.77 on Tuesday. Live Nation Entertainment Inc. has a one year low of $18.77 and a one year high of $29.04. The firm’s 50-day moving average price is $27.63 and its 200 day moving average price is $25.91. The stock’s market cap is $5.62 billion.

Large investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Live Nation Entertainment during the second quarter valued at about $115,000. Creative Planning boosted its stake in Live Nation Entertainment by 6.1% in the third quarter. Creative Planning now owns 4,334 shares of the company’s stock valued at $119,000 after buying an additional 249 shares during the period. Seven Eight Capital LLC boosted its stake in Live Nation Entertainment by 30.8% in the first quarter. Seven Eight Capital LLC now owns 6,800 shares of the company’s stock valued at $152,000 after buying an additional 1,600 shares during the period. Riverhead Capital Management LLC boosted its stake in Live Nation Entertainment by 179.4% in the third quarter. Riverhead Capital Management LLC now owns 5,900 shares of the company’s stock valued at $162,000 after buying an additional 3,788 shares during the period. Finally, PICTET BANK & TRUST Ltd acquired a new stake in Live Nation Entertainment during the third quarter valued at about $203,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.

LYV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. started coverage on Live Nation Entertainment in a research report on Thursday, August 18th. They issued an “overweight” rating and a $34.00 target price on the stock. Stephens started coverage on Live Nation Entertainment in a report on Thursday, October 6th. They issued an “equal weight” rating and a $30.00 price objective on the stock. They noted that the move was a valuation call. Zacks Investment Research upgraded Live Nation Entertainment from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, October 12th. Jefferies Group reiterated a “buy” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Live Nation Entertainment in a report on Tuesday, November 8th. Finally, Citigroup Inc. boosted their price objective on Live Nation Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, October 12th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Live Nation Entertainment presently has a consensus rating of “Buy” and a consensus target price of $31.75.

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