Live Nation Entertainment Inc (NYSE: LYV) is 13.00% higher on its value in year-to-date trading and has touched a low of $64.96 and a high of $107.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LYV stock was last observed hovering at around $106.81 in the last trading session, with the day’s loss setting it -1.04%.
Currently trading at $105.77, the stock is 3.36% and 11.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -0.97% at the moment leaves the stock 18.76% off its SMA200. LYV registered 55.89% gain for a year compared to 6-month gain of 30.55%. The firm has a 50-day simple moving average (SMA 50) of $1.17 and a 200-day simple moving average (SMA200) of $15.11.
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The stock witnessed a 12.19% loss in the last 1 month and extending the period to 3 months gives it a 13.76%, and is -0.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.68% over the week and 1.99% over the month.
Live Nation Entertainment Inc (LYV) has around 14700 employees, a market worth around $24.41B and $22.75B in sales. Current P/E ratio is 80.54 and Fwd P/E is 45.85. Profit margin for the company is 1.39%. Distance from 52-week low is 62.82% and -1.32% from its 52-week high. The company has generated returns on investments over the last 12 months (4.43%).
Live Nation Entertainment Inc quarterly earnings per share for the current quarter are estimated at -$0.19 with sales reaching $3.27B over the same period.The EPS is expected to grow by 34.37% this year, but quarterly earnings will post 7.60% year-over-year. Quarterly sales are estimated to grow 41.00% in year-over-year returns.
Live Nation Entertainment Inc (LYV) Top Institutional Holders
910 institutions hold shares in Live Nation Entertainment Inc (LYV), with institutional investors hold 111.77% of the company’s shares. The shares outstanding are 233.30M, and float is at 143.78M with Short Float at 9.72%. Institutions hold 75.85% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.26 million shares valued at $1.66 billion. The investor’s holdings represent 7.93% of the LYV Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 12.78 million shares valued at $1.16 billion to account for 5.55% of the shares outstanding. The other top investors are Public Investment Fund which holds 12.57 million shares representing 5.46% and valued at over $1.14 billion, while Select Equity Group, Inc. holds 4.90% of the shares totaling 11.29 million with a market value of $1.03 billion.
Live Nation Entertainment Inc (LYV) Insider Activity
The most recent transaction is an insider sale by HINSON JEFFREY T.,the company’sDirector. SEC filings show that HINSON JEFFREY T. sold 1,001 shares of the company’s common stock on Mar 08 ’24 at a price of $100.50 per share for a total of $0.1 million. Following the sale, the insider now owns 59374.0 shares.
Live Nation Entertainment Inc disclosed in a document filed with the SEC on Feb 27 ’24 that Fu Ping (Director) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $93.67 per share for $0.14 million. Following the transaction, the insider now directly holds 14714.0 shares of the LYV stock.
Still, SEC filings show that on Dec 15 ’23, Berchtold Joe (President & CFO) disposed off 119,100 shares at an average price of $92.91 for $11.07 million. The insider now directly holds 442,107 shares of Live Nation Entertainment Inc (LYV).
