Live Nation EntertainmentLYV
Market Cap: $21.5B
About: Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 45 countries, Live Nation promotes concerts globally and it owns, operates, or had exclusive booking rights to 373 venues worldwide at the end of 2023, which the firm says makes it the second-largest operator of music venues globally. In 2023, Live Nation promoted more than 50,000 events, drawing more than 145 million fans. Ticketmaster is a dominant global ticketing service, selling more than 620 million tickets in 2023.
Employees: 14,700
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
8% more repeat investments, than reductions
Existing positions increased: 229 | Existing positions reduced: 213
0.65% less ownership
Funds ownership: 74.62% [Q1] → 73.96% (-0.65%) [Q2]
2% less call options, than puts
Call options by funds: $443M | Put options by funds: $454M
5% less funds holding
Funds holding: 649 [Q1] → 614 (-35) [Q2]
8% less funds holding in top 10
Funds holding in top 10: 13 [Q1] → 12 (-1) [Q2]
12% less capital invested
Capital invested by funds: $18.2B [Q1] → $15.9B (-$2.23B) [Q2]
33% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 105
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Oppenheimer Jed Kelly 69% 1-year accuracy 22 / 32 met price target | 29%upside $120 | Outperform Maintained | 6 Sept 2024 |
B of A Securities Peter Henderson 50% 1-year accuracy 1 / 2 met price target | 35%upside $125 | Buy Initiated | 4 Sept 2024 |
Rosenblatt Barton Crockett 56% 1-year accuracy 31 / 55 met price target | 33%upside $123 | Buy Maintained | 15 Aug 2024 |
Deutsche Bank Benjamin Soff 75% 1-year accuracy 3 / 4 met price target | 31%upside $122 | Buy Maintained | 1 Aug 2024 |
JP Morgan David Karnovsky 65% 1-year accuracy 13 / 20 met price target | 27%upside $118 | Overweight Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 11 articles about LYV published over the past 30 days