This evening we watched Live Nation Entertainment drop -4.5% to a price of $90.64 per share. The large-cap Leisure company is now trading -18.47% below its average target price of $111.17. Analysts have set target prices ranging from $85.0 to $128.0 per share for Live Nation Entertainment, and have given the stock an average rating of buy.
The stock has an above average percentage of its shares sold short at 8.0%, and a short ratio of 5.77. The company's insiders own 32.19% 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 73.3% of Live Nation Entertainment's shares being owned by this investor type.
Institutions Invested in Live Nation Entertainment
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 8% | 17,970,846 | $1,628,877,470 |
| 2023-09-30 | Blackrock Inc. | 6% | 13,046,932 | $1,182,573,908 |
| 2023-09-30 | Public Investment Fund | 5% | 12,565,167 | $1,138,906,729 |
| 2023-09-30 | Select Equity Group, Inc. | 5% | 11,125,421 | $1,008,408,152 |
| 2023-09-30 | Canada Pension Plan Investment Board | 4% | 8,801,337 | $797,753,180 |
| 2023-09-30 | Principal Financial Group, Inc. | 3% | 7,108,633 | $644,326,490 |
| 2023-09-30 | State Street Corporation | 3% | 6,885,936 | $624,141,234 |
| 2023-09-30 | Amundi | 2% | 4,130,721 | $374,408,548 |
| 2023-09-30 | Lone Pine Capital Llc | 2% | 3,713,477 | $336,589,553 |
| 2023-09-30 | Geode Capital Management, LLC | 1% | 3,122,078 | $282,985,148 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Live Nation Entertainment.
