Big Investment in Live Nation by Envestnet Portfolio Solutions Inc.
Envestnet Portfolio Solutions Inc. has bought more shares of Live Nation Entertainment (NYSE: LYV). In the fourth quarter of 2024, they increased their investment by 39.7%. They bought 1,648 more shares, so now they own 5,802 shares. The total value of these shares is $751,000.
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Other big investors, like Natixis Advisors LLC, Hilton Capital Management LLC, and Wealthfront Advisers LLC, have also bought more shares. This shows that many investors believe in Live Nation’s future growth.
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Live Nation’s Business and Financial Performance
Live Nation is the biggest live entertainment company in the world. It runs concerts, sells tickets, and makes money from sponsors and ads. In the last quarter, the company earned $0.56 per share, which was much better than what experts expected (-$0.93). The company made $5.68 billion in revenue, showing strong growth.
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Many banks, like Bank of America, Morgan Stanley, and JPMorgan Chase, have increased their price targets for Live Nation’s stock. Right now, the stock price is $127.36 per share, and the company is worth $29.73 billion.
Insider Selling & Investor Activity
Some company insiders have sold their shares recently. Executive Vice President Michael Rowles sold 63,136 shares at an average price of $155.40 each. Director Jeffrey T. Hinson also sold 500 shares at $122.95 each. Even though some insiders sold their shares, big investors still own 74.52% of the company. This means most investors still trust Live Nation’s growth.
Also Read: Deloitte Report Warns Hollywood: Gen Z Engages More With Online Creators
Future Outlook for Investors
More people want to go to concerts and live events now. Live Nation has many venues, festivals, and artist partnerships, so it can make good use of this demand. Experts say the stock is a “Moderate Buy,” with a price target of $157.27.
Key Points for Investors
- Big Investors Trust Live Nation – Many large investors are buying more shares.
- Strong Financial Performance – The company is making good profits and growing.
- Positive Expert Opinions – Banks and experts believe the stock price will go up.
- More Demand for Live Events – People want to attend concerts, helping Live Nation grow.
Would you like to know more about how Live Nation makes money or its competitors?