Live Nation Entertainment Inc (NYSE: LYV) is -0.01% lower on its value in year-to-date trading and has touched a low of $86.67 and a high of $141.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LYV stock was last observed hovering at around $129.23 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $129.49, the stock is -3.01% and -0.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 0.20% at the moment leaves the stock 22.15% off its SMA200. LYV registered 44.91% gain for a year compared to 6-month gain of 35.82%. The firm has a 50-day simple moving average (SMA 50) of $130.1044 and a 200-day simple moving average (SMA200) of $106.0057.
The stock witnessed a -5.72% loss in the last 1 month and extending the period to 3 months gives it a 18.73%, and is -2.89% 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 2.05% over the week and 2.05% over the month.
Live Nation Entertainment Inc (LYV) has around 14700 employees, a market worth around $29.92B and $23.31B in sales. Current P/E ratio is 138.66 and Fwd P/E is 49.29. Profit margin for the company is 0.99%. Distance from 52-week low is 49.41% and -8.28% 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 -17.55% this year.
Live Nation Entertainment Inc (LYV) Top Institutional Holders
918.0 institutions hold shares in Live Nation Entertainment Inc (LYV), with institutional investors hold 111.60% of the company’s shares. The shares outstanding are 230.59M, and float is at 154.35M with Short Float at 8.06%. Institutions hold 75.57% 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).
