Live Nation Entertainment Inc (NYSE: LYV) is 38.02% higher on its value in year-to-date trading and has touched a low of $81.38 and a high of $130.76 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 $127.02 in the last trading session, with the day’s gains setting it 2.17%.
Currently trading at $129.19, the stock is 7.66% and 15.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing 1.71% at the moment leaves the stock 29.92% off its SMA200. LYV registered 45.16% gain for a year compared to 6-month gain of 34.04%. The firm has a 50-day simple moving average (SMA 50) of $112.0594 and a 200-day simple moving average (SMA200) of $99.43675.
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The stock witnessed a 12.92% loss in the last 1 month and extending the period to 3 months gives it a 35.73%, and is 3.68% up 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 2.39% over the week and 1.97% over the month.
Live Nation Entertainment Inc (LYV) has around 14700 employees, a market worth around $29.75B and $23.31B in sales. Current P/E ratio is 138.33 and Fwd P/E is 51.85. Profit margin for the company is 0.99%. Distance from 52-week low is 58.75% and -1.20% from its 52-week high. The company has generated returns on investments over the last 12 months (2.98%).
The EPS is expected to shrink by -17.21% this year
922.0 institutions hold shares in Live Nation Entertainment Inc (LYV), with institutional investors hold 111.95% of the company’s shares. The shares outstanding are 233.30M, and float is at 153.99M with Short Float at 8.63%. Institutions hold 76.00% 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 Berchtold Joe, the company’s President & CFO. SEC filings show that Berchtold Joe sold 29,310 shares of the company’s common stock on Sep 12 ’24 at a price of $97.50 per share for a total of $2.86 million. Following the sale, the insider now owns 0.57 million shares.
Live Nation Entertainment Inc disclosed in a document filed with the SEC on Sep 12 ’24 that Rapino Michael (President & CEO) sold a total of 98,849 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $97.50 per share for $9.64 million. Following the transaction, the insider now directly holds 3.7 million shares of the LYV stock.
Still, SEC filings show that on Sep 11 ’24, Rowles Michael (EVP & General Counsel) disposed off 35,000 shares at an average price of $97.64 for $3.42 million. The insider now directly holds 167,447 shares of Live Nation Entertainment Inc (LYV).
