Streetbeat News

LVS

Las Vegas Sands Corp.

https://www.sands.com

Industry

Gambling, Resorts & Casinos

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.

Open

48.45

Mkt cap

35B

Volume

4.8M

High

48.78

P/E Ratio

23.74

52-wk high

55.66

Low

47.73

Div yield

0.02

52-wk low

36.62

Las Vegas Sands (NYSE:LVS) has seen a decrease in short interest, with the short percent of float dropping 3.53% since the last report. The company has 12.78 million shares sold short, representing 3.55% of available shares. The average time to cover these short positions is 2.05 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. LVS has less short interest compared to its peer group average of 4.24%.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:45 pm

Las Vegas Sands Inc. (NYSE:LVS) saw a 1.24% drop in its share price to $50.18 in the current market session. Despite a 6.77% increase over the past month, the stock has decreased by 5.07% over the past year. The company's P/E ratio of 58.4 is higher than the industry average of 49.87, suggesting it may be overvalued or expected to perform better in the future. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 4:30 pm

Mark Cuban has distributed $35 million in bonuses to Dallas Mavericks employees after selling his majority stake to key shareholders of Las Vegas Sands (NYSE:LVS), including Miriam Adelson and her family. Cuban retains a smaller ownership share and continues to manage basketball operations. The sale was approved by the NBA in December 2023.

Portfolio Pulse from Rounak Jain

January 06, 2024 | 7:07 am

Over the past 15 years, Las Vegas Sands (NYSE:LVS) has produced an average annual return of 14.11%, outperforming the market by 2.38% on an annualized basis. A $1000 investment in LVS stock 15 years ago would be worth $6,993.78 today. Las Vegas Sands currently has a market capitalization of $38.05 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

The U.S. stock market saw a significant sell-off in technology stocks, leading to the worst start of the year in decades. The S&P 500 and Nasdaq 100 fell 0.6% and 1.7%, respectively. Value stocks, however, performed well, with the iShares Core S&P U.S. Value ETF (IUSV) reaching a 7-month high. Moderna, Viatris, Travel Leisure, Las Vegas Sands, and Marriott Vacations were top gainers among value stocks. Key contributors to IUSV's performance included Berkshire Hathaway, Exxon Mobil, Johnson & Johnson, UnitedHealth Group, and Merck & Co. JPMorgan Chase, Intel, Bank of America, Wells Fargo, and Verizon Communications were top contributors to value performance over the last month.

Portfolio Pulse from Piero Cingari

January 03, 2024 | 3:26 pm

Shares of Las Vegas Sands Corp (LVS), MGM Resorts International (MGM), and Wynn Resorts Ltd (WYNN) rose after a report showed a 433% year-over-year increase in Macau's gaming revenue for December. The revenue reached $2.3 billion, 81.3% of pre-Covid levels, with a 12% increase in average minimum bets from 2019. This indicates the gaming industry's resilience despite China's economic slowdown and suggests tourists prioritize gaming over luxury purchases.

Portfolio Pulse from Adam Eckert

January 02, 2024 | 4:16 pm

Casino stocks with exposure to Macau are experiencing a surge in share prices following a report that Macau's revenue in December saw a 433% increase compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:09 pm

Mark Cuban sold his majority stake in the Dallas Mavericks to entities associated with Sheldon Adelson's family due to his inexperience in real estate, which he sees as vital for NBA teams' future success. The NBA approved the $3.5 billion deal, allowing Cuban to retain a smaller share and control of the team. Cuban acknowledged the new majority owners' real estate expertise as beneficial for the franchise. The sale follows the NBA Board of Governors' initiation of the sale process in December, with potential buyers including the Adelson family and Las Vegas Sands Corp. (NYSE:LVS).

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 9:36 am

Mark Cuban is selling a majority stake in the Dallas Mavericks to Miriam Adelson, widow of Sheldon Adelson. The NBA has approved the sale, valuing the Mavericks at $3.5 billion. Patrick Dumont of Las Vegas Sands Corp (NYSE:LVS) will serve as the Mavericks' governor. The sale could facilitate a casino and arena complex in Dallas, with LVS having a vested interest. LVS shares dipped 1.3% on the news.

Portfolio Pulse from Chris Katje

December 27, 2023 | 7:01 pm

Over the past 15 years, Las Vegas Sands (NYSE:LVS) has produced an average annual return of 15.15%, outperforming the market by 3.43% on an annualized basis. A $1000 investment in LVS stock 15 years ago would be worth $8,429.79 today. The company currently has a market capitalization of $36.98 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 8:30 pm

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