Las Vegas Sands
About: Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. We expect Sands to open a fourth tower in Singapore toward the end of 2028. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and VICI in 2022. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
Employees: 38,700
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
47% more call options, than puts
Call options by funds: $615M | Put options by funds: $420M
14% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 8 (+1) [Q2]
1.44% more ownership
Funds ownership: 44.34% [Q1] → 45.78% (+1.44%) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 219 | Existing positions reduced: 225
6% less funds holding
Funds holding: 647 [Q1] → 609 (-38) [Q2]
13% less capital invested
Capital invested by funds: $17.3B [Q1] → $15.1B (-$2.18B) [Q2]
33% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 114
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
JP Morgan Joseph Greff 41% 1-year accuracy 7 / 17 met price target | 18%upside $60 | Overweight Maintained | 15 Oct 2024 |
Wells Fargo Daniel Politzer 71% 1-year accuracy 25 / 35 met price target | 18%upside $60 | Overweight Maintained | 1 Oct 2024 |
Morgan Stanley Stephen Grambling 56% 1-year accuracy 9 / 16 met price target | 2%downside $50 | Overweight Maintained | 4 Sept 2024 |
UBS Robin Farley 82% 1-year accuracy 9 / 11 met price target | 4%downside $49 | Neutral Downgraded | 23 Aug 2024 |
Wells Fargo Daniel Politzer 71% 1-year accuracy 25 / 35 met price target | 4%upside $53 | Overweight Maintained | 25 Jul 2024 |
Financial journalist opinion
Based on 19 articles about LVS published over the past 30 days