November 23, 2016 - By Vivian Park
Elizabeth Willard, the insider, currently the EVP & Chief Financial Officer of Live Nation Entertainment Inc unloaded close to 15,000 shares of the firm worth about $423,750 U.S. Dollars based on an avg price of 28.3 U.S. Dollars per share. Presently, she possess 265,698 shares or 0.13% of the Company’s market capitalization.
Out of 7 analysts covering Live Nation (NYSE:LYV), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $33 is the highest target while $30.0 is the lowest. The $32.50 average target is 16.70% above today’s ($27.85) stock price. Live Nation has been the topic of 9 analyst reports since September 18, 2015 according to StockzIntelligence Inc. Citigroup initiated Live Nation Entertainment, Inc. (NYSE:LYV) rating on Thursday, October 8. Citigroup has “Buy” rating and $30.0 price target. The firm has “Buy” rating by Northcoast given on Monday, May 2. On Thursday, October 6 the stock rating was initiated by Stephens with “Equal-Weight”. The rating was upgraded by Stephens on Tuesday, November 8 to “Overweight”. The firm has “Buy” rating by Gabelli given on Friday, September 18. Citigroup maintained the stock with “Buy” rating in Wednesday, October 12 report. The firm earned “Overweight” rating on Friday, October 30 by Albert Fried. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Overweight” rating given on Thursday, August 18 by JP Morgan. BTIG Research initiated the stock with “Neutral” rating in Tuesday, March 29 report.
Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.26, from 1.09 in 2016Q1. The ratio fall, as 27 funds sold all Live Nation Entertainment, Inc. shares owned while 78 reduced positions. 31 funds bought stakes while 83 increased positions. They now own 125.43 million shares or 0.29% more from 125.07 million shares in 2016Q1.
Vanguard has 0.01% invested in the company for 9.66M shares. Rhumbline Advisers owns 232,218 shares or 0.02% of their US portfolio. Bb&T has 0.07% invested in the company for 136,443 shares. Cubist Systematic Strategies Ltd Liability Co owns 12,266 shares or 0.02% of their US portfolio. Harris Associate Lp accumulated 0.25% or 5.36 million shares. Barclays Pcl holds 0% or 9,772 shares in its portfolio. Nordea Management holds 0.03% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 435,860 shares. Diker Mgmt Llc last reported 143,100 shares in the company. Thompson Siegel Walmsley Ltd Liability Corporation has 0% invested in the company for 96 shares. Moreover, Engineers Gate Manager Limited Partnership has 0.09% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 50,553 shares. Bessemer Gru Incorporated reported 2,500 shares or 0% of all its holdings. Diamond Hill Cap Mngmt has 1.55M shares for 0.23% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0.01% of its portfolio in the stock. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 563,909 shares. Neuberger Berman Grp Limited Liability Com accumulated 8,664 shares or 0% of the stock.
Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.52 million net activity. $126,245 worth of shares were sold by ENLOE ROBERT TED III on Monday, June 13. MAYS RANDALL THOMAS had sold 50,000 shares worth $1.39 million.
The stock decreased 1.00% or $0.28 during the last trading session, hitting $27.85. About 1.13M shares traded hands. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 29.16% since April 20, 2016 and is uptrending. It has outperformed by 24.60% the S&P500.
Live Nation Entertainment, Inc. is a live entertainment company. The company has a market cap of $5.68 billion. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. It currently has negative earnings. The Company’s divisions include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.
According to Zacks Investment Research, “Live Nation Entertainment, Inc. is the world’s premier live entertainment company, consisting of Live Nation, Ticketmaster and Front Line Management Group. The Company engages in producing, marketing, and selling live concerts for artists via its concert pipe. Live Nation owns and operates many venues, including House of Blues music venues and locations, such as The Fillmore in San Francisco, Nikon at Jones Beach Theatre in New York and London’s Wembley Arena. In addition, it also produces, promotes or hosts theatrical, specialized motor sports and other live entertainment events. The Company is driving major innovations in ticketing technology, marketing and service. It offers ticket sales, ticket resale services, and marketing and distribution through ticketmaster.com, an e-commerce site on the Internet. Live Nation Entertainment, Inc. was formerly known as Live Nation, Inc. and is based in Beverly Hills, California.”
More recent Live Nation Entertainment, Inc. (NYSE:LYV) news were published by: Prnewswire.com which released: “Live Nation Entertainment Announces Pricing Of Private Notes Offering” on October 26, 2016. Also Prnewswire.com published the news titled: “Live Nation Entertainment Reports Third Quarter 2016 Financial Results” on November 07, 2016. Prnewswire.com‘s news article titled: “Live Nation Continues Building Global Festival Portfolio With Acquisition Of ..” with publication date: November 22, 2016 was also an interesting one.
Live Nation Entertainment, Inc. (Live Nation), incorporated on August 2, 2005, is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. The Company’s divisions include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate. The Firm connects approximately 530 million fans across its platforms in over 40 countries. The Firm is a producer of live music concerts around the world, based on total fans that attend Live Nation events as compared to events of other promoters, connecting approximately 60 million fans to over 25,500 events for approximately 3,300 artists.
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By Vivian Park