Live Nation Entertainment (LYV)

• Market cap: $34.5B
• 1 day: -1.92%
• 5 days: -1.84%
• 1 month: 7.55%
• 3 months: 7.82%
• 6 months: 54.87%
• Year to date: 15.61%
• 1 year: 63.82%
• 5 years: 101.37%
• 10 years: 481.55%
• Sector: Consumer Discretionary
• Industry: Amusement & Recreation Services

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 Q4 regulatory filings by fund managers ($100M+ AUM)

136% more first-time investments, than exits

New positions opened: 130 | Existing positions closed: 55

17% more capital invested

Capital invested by funds: $19B [Q3] → $22.2B (+$3.18B) [Q4]

15% more repeat investments, than reductions

Existing positions increased: 240 | Existing positions reduced: 208

9% more funds holding

Funds holding: 617 [Q3] → 670 (+53) [Q4]

1.11% less ownership

Funds ownership: 75.41% [Q3] → 74.31% (-1.11%) [Q4]

13% less call options, than puts

Call options by funds: $445M | Put options by funds: $510M

50% less funds holding in top 10

Funds holding in top 10: 16 [Q3] → 8 (-8) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $155 4% upside
• Avg. target: $170 14% upside
• High target: $180 20% upside

8 analyst ratings

• positive: 8 100%
• neutral: 0 0%
• negative: 0 0%

Morgan Stanley Cameron Mansson-Perrone 50% 1-year accuracy 3 / 6 met price target	20% upside $180	Overweight Reiterated	21 Feb 2025
Benchmark Matthew Harrison 52% 1-year accuracy 11 / 21 met price target	19% upside $178	Buy Maintained	21 Feb 2025
Roth MKM Eric Handler 92% 1-year accuracy 22 / 24 met price target	16% upside $174	Buy Maintained	21 Feb 2025
JP Morgan David Karnovsky 65% 1-year accuracy 17 / 26 met price target	14% upside $170	Overweight Maintained	21 Feb 2025
Rosenblatt Barton Crockett 68% 1-year accuracy 41 / 60 met price target	16% upside $174	Buy Maintained	21 Feb 2025