The President of Live Nation Entertainment (NYSE: LYV) is Selling Shares

By Carrie Williams

Today, the President of Live Nation Entertainment (NYSE: LYV), Joe Berchtold, sold shares of LYV for $990.2K.

Following Joe Berchtold’s last LYV Sell transaction on December 08, 2017, the stock climbed by 5.9%. In addition to Joe Berchtold, one other LYV executive reported Sell trades in the last month.

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Based on Live Nation Entertainment’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.87 billion and quarterly net profit of $52.19 million. In comparison, last year the company earned revenue of $2.82 billion and had a net profit of $62.64 million. Currently, Live Nation Entertainment has an average volume of 1.21M. The Company has a Price to Book ratio of 8.8438.

Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $58.17, reflecting a -15.4% downside.

The insider sentiment on Live Nation Entertainment has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Joe Berchtold’s trades have generated a -4.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing, and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship and Advertising, Ticketing, and Artist Nation.