LYV
SHORTINSIDER SELLCONGRESS BUYCONGRESS SELLLIVE NATION ENTERTAINMENT IN
Research: Finviz ↗·Perplexity ↗
News Summary
NegativeLive Nation delivered a strong Q2 2026 earnings beat (+86% EPS surprise) driven by robust concert attendance and premium fan spending, signaling resilient business fundamentals. However, this is substantially offset by a jury verdict finding the company liable on all antitrust counts in the state-led case (April 2026), with ongoing judicial review of the DOJ settlement and growing analyst skepticism, including recent downgrades to Sell and Strong Sell ratings.
Red flags
- •Jury found Live Nation and Ticketmaster liable on every antitrust count including monopolization claims (April 15, 2026)
- •DOJ settlement lacks Ticketmaster divestiture but remains subject to Tunney Act review; outcome uncertain
- •33 states plus D.C. continuing parallel antitrust litigation; potential for significant remedies or penalties
- •Recent analyst downgrades: CFRA to Sell (Oct 19), Zacks to Strong Sell (Oct 20), Susquehanna price target cut to $183 (Oct 19)
- •Regulatory/legal uncertainty creates material tail risk to valuation and business structure, despite near-term earnings strength
Funds Reducing / Exiting (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| ValueAct Holdings | Mason Morfit | 302K | -322,554 | $55M | 1.7% | -52% | Existing |
| Point72 | Steve Cohen | 5.0M | -∞ | $9M | 0.2% | -100% | Existing |
| D1 Capital | Dan Sundheim | 0 | −674K | — | 0.9% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Capo Brian | Chief Accounting Officer | SELL | 3K | $184.00 | $0.53M | 2026-08-24 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| STATE STREET CORPORATION | SC 13G | 11.4M | 4.8% | 2026-08-07 | ↗ |
| STATE STREET CORPORATION | SC 13G | 12.7M | 5.4% | 2026-05-12 | ↗ |
| Vanguard Capital Management | SC 13G | 12.0M | 5.1% | 2026-04-30 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| April McClain Delaney | house | MD06 | SELL | $100,001 - $250,000 | 2026-08-25 | 2026-09-09 | ↗ |
| Alan Armstrong | senate | — | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.