November 23, 2016 - By whatsonthorold
The insider, and Live Nation Entertainment Inc’s director, Mark Shapiro, unloaded 22,642 company shares on 22/11/2016, worth total $635,787 (at $28.1 per share). Mark made this transaction on 22/11/2016. The 4F filing is available for free here at the U.S. Security and Exchange Commission website. Mr. Mark right now owns 36,929 shares, accounting for 0.02% of the company’s market cap.
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. On Tuesday, March 29 the stock rating was initiated by BTIG Research with “Neutral”. The firm has “Buy” rating by Citigroup given on Thursday, October 8. On Thursday, August 18 the stock rating was initiated by JP Morgan with “Overweight”. On Tuesday, November 8 the stock rating was upgraded by Stephens to “Overweight”. Stephens initiated Live Nation Entertainment, Inc. (NYSE:LYV) on Thursday, October 6 with “Equal-Weight” rating. The firm has “Buy” rating by Citigroup given on Wednesday, October 12. Northcoast upgraded Live Nation Entertainment, Inc. (NYSE:LYV) on Monday, May 2 to “Buy” rating. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Overweight” rating by Albert Fried on Friday, October 30. The firm has “Buy” rating by Gabelli given on Friday, September 18.
Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.26, from 1.09 in 2016Q1. The ratio dropped, 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.
Creative Planning holds 0% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 4,085 shares. Cubist Systematic Strategies Ltd accumulated 12,266 shares or 0.02% of the stock. Voya Inv Management Llc, a Georgia-based fund reported 50,925 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 31,613 shares or 0.01% of its portfolio. Parametrica Mngmt last reported 11,811 shares in the company. The New York-based Gabelli Funds Limited Com has invested 0.2% in Live Nation Entertainment, Inc. (NYSE:LYV). Daiwa Securities Group has 0.01% invested in the company for 62,700 shares. Public Employees Retirement Association Of Colorado accumulated 0.01% or 31,389 shares. Hbk Invs L P holds 0.07% or 376,300 shares in its portfolio. Tiaa Cref Inv Ltd Co accumulated 456,925 shares or 0.01% of the stock. First Republic Inv Inc holds 0% or 11,982 shares in its portfolio. Rwc Asset Mgmt Limited Liability Partnership accumulated 0.13% or 80,193 shares. The Delaware-based Kalmar De has invested 1.56% in Live Nation Entertainment, Inc. (NYSE:LYV). Boston Ptnrs last reported 1.48 million shares in the company. The Washington-based Washington Tru Bank & Trust has invested 0% in Live Nation Entertainment, Inc. (NYSE:LYV).
Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.52 million net activity. On Monday, June 13 the insider ENLOE ROBERT TED III sold $126,245. The insider MAYS RANDALL THOMAS sold 50,000 shares worth $1.39M.
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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