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 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 Q1 regulatory disclosures by fund managers ($100M+ AUM)
122% more call options, than puts
Call options by funds: $574M | Put options by funds: $258M
100% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 4 (+2) [Q1 2025]
11% more repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 204
2% less first-time investments, than exits
New positions opened: 106 | Existing positions closed: 108
2% less funds holding
Funds holding: 619 [Q4 2024] → 605 (-14) [Q1 2025]
4.18% less ownership
Funds ownership: 47.32% [Q4 2024] → 43.14% (-4.18%) [Q1 2025]
34% less capital invested
Capital invested by funds: $18.1B [Q4 2024] → $11.9B (-$6.17B) [Q1 2025]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Brandt Montour | 26%upside $51 | Overweight Maintained | 24 Apr 2025 |
Macquarie Chad Beynon | 29%upside $52 | Outperform Maintained | 24 Apr 2025 |
Stifel Steven Wieczynski | 41%upside $57 | Buy Maintained | 24 Apr 2025 |
Morgan Stanley Stephen Grambling | 12%upside $45 | Equal-Weight Maintained | 16 Apr 2025 |
Financial journalist opinion
Based on 5 articles about LVS published over the past 30 days









