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 Q2 regulatory disclosures by fund managers ($100M+ AUM)
67% more call options, than puts
Call options by funds: $509M | Put options by funds: $306M
11% more capital invested
Capital invested by funds: $11.9B [Q1] → $13.2B (+$1.26B) [Q2]
0.29% less ownership
Funds ownership: 43.16% [Q1] → 42.87% (-0.29%) [Q2]
4% less funds holding
Funds holding: 612 [Q1] → 587 (-25) [Q2]
13% less first-time investments, than exits
New positions opened: 84 | Existing positions closed: 96
21% less repeat investments, than reductions
Existing positions increased: 192 | 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
9 analyst ratings
Morgan Stanley Stephen Grambling | 11%downside $50 | Equal-Weight Maintained | 6 Aug 2025 |
UBS Robin Farley | 2%downside $55 | Neutral Maintained | 30 Jul 2025 |
Macquarie Chad Beynon | 3%upside $58 | Outperform Maintained | 24 Jul 2025 |
Mizuho Ben Chaiken | 0%downside $56 | Outperform Maintained | 24 Jul 2025 |
JP Morgan Daniel Politzer | 0%downside $56 | Neutral Maintained | 24 Jul 2025 |
Financial journalist opinion
Based on 6 articles about LVS published over the past 30 days
