On September 9, 2024, Jeffrey Hinson, a Director at Live Nation Entertainment Inc (LYV, Financial), sold 5,640 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 53,949 shares of Live Nation Entertainment Inc.
Live Nation Entertainment Inc operates as a live entertainment company. The company's businesses span concert promotion and venue operations, sponsorship, ticketing solutions, and artist management. It is known for enhancing live experiences through its comprehensive suite of services and its global reach in the entertainment industry.
Over the past year, Jeffrey Hinson has sold a total of 8,141 shares of Live Nation Entertainment Inc and has not made any purchases of the stock. This recent sale is part of a broader trend seen within the company, where there have been 7 insider sells and no insider buys over the last year.
Shares of Live Nation Entertainment Inc were trading at $95.18 on the day of the sale. The company has a market cap of approximately $22.59 billion. The price-earnings ratio of the company stands at 94.50, significantly higher than both the industry median and the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $114.76, suggesting that Live Nation Entertainment Inc is modestly undervalued with a price-to-GF-Value ratio of 0.83.
The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, providing insight into insider confidence and stock valuation based on recent trading prices and the GF Value assessment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
