Analyzing Live Nation Entertainment's Changing Market Sentiment

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.

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.