Understanding the Potential Headwinds for Live Nation Entertainment Stock.

Live Nation Entertainment stock is trading -26.4% below its average target price of $110.61 after dropping -3.2% during today's evening session. Analysts are giving the large-cap Leisure company an average rating of buy and target prices ranging from $85.0 to $128.0 per share.

Live Nation Entertainment has an average level of shares sold short, at 7.6% of its total share float. The stock's short ratio (also called days to cover) is 5.66. The company's insiders own 32.26% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Institutional investors own 71.6% of Live Nation Entertainment's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in Live Nation Entertainment

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 8% 17,970,846 $1,463,006,638
2023-09-30 Blackrock Inc. 6% 13,046,932 $1,062,150,781
2023-09-30 Public Investment Fund 5% 12,565,167 $1,022,930,291
2023-09-30 Select Equity Group, Inc. 5% 11,125,421 $905,720,564
2023-09-30 Canada Pension Plan Investment Board 4% 8,801,337 $716,516,877
2023-09-30 Principal Financial Group, Inc. 3% 7,108,633 $578,713,838
2023-09-30 State Street Corporation 3% 6,885,936 $560,584,074
2023-09-30 Amundi 2% 4,130,721 $336,282,011
2023-09-30 Lone Pine Capital Llc 2% 3,713,477 $302,314,176
2023-09-30 Geode Capital Management, LLC 1% 3,122,078 $254,168,381
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.