Live Nation Entertainment (LYV)

• Market cap: $30.7B
• 1 day: 0.82%
• 5 days: -2.25%
• 1 month: -2.37%
• 3 months: 28.60%
• 6 months: 44.43%
• Year to date: 45.17%
• 1 year: 47.04%
• 5 years: 86.28%
• 10 years: 410.85%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

33% more funds holding in top 10

Funds holding in top 10: 12 [Q2] → 16 (+4) [Q3]

17% more capital invested

Capital invested by funds: $16.1B [Q2] → $18.8B (+$2.76B) [Q3]

15% more repeat investments, than reductions

Existing positions increased: 234 | Existing positions reduced: 204

0.01% less ownership

Funds ownership: 74.71% [Q2] → 74.7% (-0.01%) [Q3]

0% less funds holding

Funds holding: 617 [Q2] → 616 (-1) [Q3]

1% less first-time investments, than exits

New positions opened: 74 | Existing positions closed: 75

44% less call options, than puts

Call options by funds: $341M | Put options by funds: $613M

Research analyst outlook

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

• Low target: $133 0% upside
• Avg. target: $150 13% upside
• High target: $163 22% upside

13 analyst ratings

• positive: 13 100%
• neutral: 0 0%
• negative: 0 0%

Benchmark Matthew Harrigan 51% 1-year accuracy 39 / 77 met price target	20% upside $160	Buy Maintained	19 Dec 2024
JP Morgan David Karnovsky 68% 1-year accuracy 17 / 25 met price target	13% upside $150	Overweight Maintained	12 Dec 2024
Roth MKM Eric Handler 93% 1-year accuracy 25 / 27 met price target	14% upside $152	Buy Maintained	12 Dec 2024
Guggenheim Curry Baker 38% 1-year accuracy 8 / 21 met price target	16% upside $155	Buy Maintained	4 Dec 2024
Citigroup Jason Bazinet 68% 1-year accuracy 19 / 28 met price target	22% upside $163	Buy Maintained	20 Nov 2024