Mark Cuban Stock Portfolio: 5 Stocks To Buy Now

4. Live Nation Entertainment, Inc. (NYSE:LYV)

Number of Hedge Fund Holders: 40     

Live Nation Entertainment, Inc. (NYSE:LYV) operates as a live entertainment company. Cuban bought Live Nation Entertainment, Inc. (NYSE:LYV) stock when the market was at an all-time low in March 2020, scooping up shares at a bargain. 

On November 28, investment advisory Citi upgraded Live Nation Entertainment, Inc. (NYSE:LYV) stock to Buy from Neutral with a price target of $82, down from $90. Analyst Jason Bazinet issued the ratings update. 

At the end of the third quarter of 2022, 40 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Live Nation Entertainment, Inc. (NYSE:LYV), compared to 51 in the preceding quarter worth $2.1 billion.

In its Q2 2022 investor letter, Carillon Tower Advisors, an asset management firm, highlighted a few stocks and Live Nation Entertainment, Inc. (NYSE:LYV) was one of them. Here is what the fund said:

“Live Nation Entertainment, Inc. (NYSE:LYV) fell as economic worries gathered during the quarter and as a new wave of the pandemic gained steam. As this company also promotes concerts and shows in Europe and Latin America, economic worries in these regions may have weighed on sentiment. We are encouraged by very strong pent-up demand potential for concerts and shows following the pandemic.”