Live Nation Entertainment Inc (NYSE: LYV) is 2.71% higher on its value in year-to-date trading and has touched a low of $76.48 and a high of $107.24 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 $96.78 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $96.14, the stock is 2.73% and 2.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -0.66% at the moment leaves the stock 2.96% off its SMA200. LYV registered 14.86% gain for a year compared to 6-month gain of 4.31%.
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The stock witnessed a 2.67% loss in the last 1 month and extending the period to 3 months gives it a 0.16%, and is -0.40% 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 1.48% over the week and 2.35% over the month.
Live Nation Entertainment Inc (LYV) has around 14700 employees, a market worth around $22.14B and $23.81B in sales. Current P/E ratio is 91.91 and Fwd P/E is 38.86. Profit margin for the company is 1.07%. Distance from 52-week low is 25.71% and -10.35% from its 52-week high. The company has generated returns on investments over the last 12 months (3.83%).
with sales reaching $8.27B over the same period.The EPS is expected to shrink by -2.18% this year, but quarterly earnings will post 6.80% year-over-year. Quarterly sales are estimated to grow 18.30% in year-over-year returns.
Live Nation Entertainment Inc (LYV) Top Institutional Holders
925.0 institutions hold shares in Live Nation Entertainment Inc (LYV), with institutional investors hold 111.40% of the company’s shares. The shares outstanding are 233.30M, and float is at 154.08M with Short Float at 7.97%. Institutions hold 75.30% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.46 million shares valued at $1.73 billion. The investor’s holdings represent 8.0448% of the LYV Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.59 million shares valued at $1.27 billion to account for 5.9221 of the shares outstanding. The other top investors are SELECT EQUITY GROUP, L.P. which holds 12.94 million shares representing 5.6393% and valued at over $1.21 billion, while STATE STREET CORP holds 3.8781 of the shares totaling 8.9 million with a market value of $834.21 million.
Live Nation Entertainment Inc (LYV) Insider Activity
The most recent transaction is an insider sale by Fu Ping, the company’s Director. SEC filings show that Fu Ping sold 1,701 shares of the company’s common stock on Aug 20 ’24 at a price of $96.56 per share for a total of $0.16 million. Following the sale, the insider now owns 15128.0 shares.
Still, SEC filings show that on Aug 19 ’24, Capo Brian (Chief Accounting Officer) disposed off 5,000 shares at an average price of $96.61 for $0.48 million. The insider now directly holds 12,327 shares of Live Nation Entertainment Inc (LYV).
