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
|2023-06-30||Vanguard Group Inc||8%||18,260,321||$1,548,383,885|
|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||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.