This evening we watched Live Nation Entertainment rise 3.2% to a price of $93.74 per share. The Large-Cap Leisure company is now trading -19.98% below its average target price of $117.14. Analysts have set target prices ranging from $90.0 to $132.0 per share for Live Nation Entertainment, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 7.9%, and a short ratio of 5.8. The company's insiders own 32.22% 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 75.9% of Live Nation Entertainment's shares being owned by this investor type.
Institutions Invested in Live Nation Entertainment
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 8% | 18,068,765 | $1,693,765,992 |
| 2024-03-31 | Blackrock Inc. | 6% | 12,730,386 | $1,193,346,356 |
| 2024-03-31 | Select Equity Group, Inc. | 5% | 11,525,440 | $1,080,394,720 |
| 2024-03-31 | Canada Pension Plan Investment Board | 4% | 8,566,700 | $803,042,439 |
| 2024-03-31 | State Street Corporation | 4% | 8,552,608 | $801,721,455 |
| 2024-03-31 | Principal Financial Group, Inc. | 3% | 7,129,992 | $668,365,434 |
| 2024-03-31 | Wellington Management Group, LLP | 2% | 3,929,984 | $368,396,691 |
| 2024-03-31 | William Blair Investment Management, LLC | 2% | 3,633,791 | $340,631,560 |
| 2024-03-31 | Geode Capital Management, LLC | 1% | 3,293,055 | $308,690,968 |
| 2024-03-31 | Lone Pine Capital Llc | 1% | 3,217,551 | $301,613,223 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Live Nation Entertainment.
