Las Vegas Sands (LVS)

• Market cap: $36.4B
• 1 day: -0.77%
• 5 days: -1.17%
• 1 month: -1.06%
• 3 months: 24.01%
• 6 months: 21.57%
• Year to date: 6.39%
• 1 year: 31.87%
• 5 years: 2.39%
• 10 years: 11.82%
• Sector: Consumer Discretionary
• Industry: Resorts & Casinos

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 in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and Vici in 2022. After the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.

Employees: 40,300

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

72% more call options, than puts

Call options by funds: $645M | Put options by funds: $376M

11% more capital invested

Capital invested by funds: $11.9B [Q1] → $13.3B (+$1.35B) [Q2]

0.02% more ownership

Funds ownership: 43.16% [Q1] → 43.17% (+0.02%) [Q2]

3% less funds holding

Funds holding: 612 [Q1] → 592 (-20) [Q2]

11% less first-time investments, than exits

New positions opened: 85 | Existing positions closed: 96

19% less repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 243

25% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]

Research analyst outlook

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

• Low target: $52
• Avg. target: $58
• High target: $65

9 analyst ratings

• positive: 4 44%
• neutral: 5 56%
• negative: 0 0%

Morgan Stanley Stephen Grambling	$57	Equal-Weight Maintained	11 Sep 2025
UBS Robin Farley	$65	Neutral Maintained	28 Aug 2025
Macquarie Chad Beynon	$58	Outperform Maintained	24 Jul 2025
Mizuho Ben Chaiken	$56	Outperform Maintained	24 Jul 2025
JP Morgan Daniel Politzer	$56	Neutral Maintained	24 Jul 2025