Trade Report: Today, Live Nation Entertainment Inc. (LYV) Director Sold $277,800.00 in Stock

Today, Live Nation Entertainment Inc. (LYV) Director Sold $277,800.00 in Stock

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

Live Nation Entertainment Inc. (NYSE:LYV) traded up 0.11% on Monday, reaching $27.77. The company had a trading volume of 704,301 shares. The stock’s market capitalization is $5.62 billion. Live Nation Entertainment Inc. has a 12-month low of $18.77 and a 12-month high of $29.04. The stock’s 50 day moving average price is $27.63 and its 200-day moving average price is $25.84.

Several equities research analysts have issued reports on LYV shares. Citigroup Inc. increased their target price on Live Nation Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, October 12th. Stephens started coverage on Live Nation Entertainment in a research report on Thursday, October 6th. They set an “equal weight” rating and a $30.00 target price on the stock. They noted that the move was a valuation call. Zacks Investment Research downgraded Live Nation Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Jefferies Group restated a “buy” rating and set a $32.00 target price (up previously from $31.00) on shares of Live Nation Entertainment in a research report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Live Nation Entertainment in a report on Thursday, August 18th. They issued an “overweight” rating and a $34.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Live Nation Entertainment presently has an average rating of “Buy” and an average target price of $31.75.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Live Nation Entertainment by 3.7% in the first quarter. Geode Capital Management LLC now owns 858,779 shares of the company’s stock valued at $19,159,000 after buying an additional 30,772 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Live Nation Entertainment by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 138,778 shares of the company’s stock valued at $3,096,000 after buying an additional 3,803 shares in the last quarter. Seven Eight Capital LLC boosted its position in shares of 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 in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Live Nation Entertainment during the first quarter valued at $377,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Live Nation Entertainment by 3,915.8% in the second quarter. BNP Paribas Arbitrage SA now owns 63,089 shares of the company’s stock valued at $1,483,000 after buying an additional 61,518 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

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