Live Nation Entertainment stock is trading -22.03% below its average target price of $108.76 after marking a 2.1% during today's afternoon session. Analysts are giving the large-cap Leisure company an average rating of buy and target prices ranging from $85.0 to $124.0 per share.
The stock has an above average percentage of its shares sold short at 8.1%, and a short ratio of 7.66. The company's insiders own 32.26% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 71.6% of Live Nation Entertainment's shares being owned by this investor type.
Institutions Invested in Live Nation Entertainment
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 8% | 18,260,321 | $1,548,383,885 |
| 2023-06-30 | Blackrock Inc. | 6% | 12,777,103 | $1,083,434,425 |
| 2023-06-30 | Public Investment Fund | 5% | 12,565,167 | $1,065,463,312 |
| 2023-06-30 | Select Equity Group, Inc. | 5% | 11,285,600 | $956,962,431 |
| 2023-06-30 | Canada Pension Plan Investment Board | 4% | 8,371,687 | $709,877,183 |
| 2023-06-30 | Principal Financial Group, Inc. | 3% | 7,075,418 | $599,960,056 |
| 2023-06-30 | State Street Corporation | 3% | 6,862,150 | $581,875,996 |
| 2023-06-30 | Amundi | 2% | 4,266,083 | $361,742,500 |
| 2023-06-30 | Lone Pine Capital Llc | 2% | 3,973,262 | $336,912,744 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 3,099,971 | $262,862,035 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Live Nation Entertainment.
