Understanding Why Live Nation Entertainment Stock Is Moving Up Today.

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.