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

Nevada's gambling revenue in August remained steady year-on-year at $1.21bn, despite a 14.3% decline from July's $1.4bn. Slot machines accounted for $829.2m of the total revenue, a 2.1% decrease from last year. Revenue from table, counter, and card games increased by 5.2% to $380.1m. Sports betting revenue rose by 12.4% to $18.1m. The Las Vegas Strip generated $666.8m in revenue, nearly half of the state's total.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:42 pm

Las Vegas Sands Inc.'s (NYSE:LVS) shares are currently trading at $45.67, after a 1.05% decrease. Despite a 16.74% decrease over the past month, the stock has increased by 21.74% over the past year. The company's P/E ratio is 659.43, significantly higher than the aggregate P/E ratio of 30.11 in the Hotels, Restaurants & Leisure industry, indicating that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 7:30 pm

A significant bullish stance has been taken on Las Vegas Sands (NYSE:LVS) by a large investor, as indicated by a big position in the company's options. The sentiment among these big-money traders is split, with 54% bullish and 45% bearish. The whales have been targeting a price range from $28.0 to $55.0 for Las Vegas Sands over the last 3 months. Morgan Stanley has maintained their Overweight rating on Las Vegas Sands, with a price target of $68.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:32 pm

MGM Resorts International's chances of winning two of the three full-scale casino licenses in New York City have reportedly become complicated due to an alleged bookmaking scandal in Las Vegas. The scandal involves the former head of the MGM Grand casino in Las Vegas, Scott Sibella, who was made to step down as president and operating chief of Resorts World. This could potentially benefit MGM's rivals in the casino race, including Bally's Corp, Caesars Entertainment Inc, Las Vegas Sands Corp, and Wynn Resorts Limited.

Portfolio Pulse from Shivani Kumaresan

September 19, 2023 | 12:13 pm

Las Vegas Sands's (NYSE:LVS) short percent of float has fallen 7.24% since its last report, with 9.98 million shares sold short, which is 2.69% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Las Vegas Sands has less short interest.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 8:15 pm

Analysts have provided ratings for Las Vegas Sands (NYSE:LVS) within the last quarter. The 8 analysts have an average price target of $70.25 versus the current price of Las Vegas Sands at $49.15, implying upside. This average price target has increased by 0.19% over the past month.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 4:00 pm

Morgan Stanley analyst Stephen Grambling has maintained an Overweight rating on Las Vegas Sands (NYSE:LVS) but lowered the price target from $70 to $68.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:56 pm

A significant bullish stance has been taken on Las Vegas Sands (NYSE:LVS) by a large investor or institution, as indicated by a large position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. Whales have been targeting a price range from $45.0 to $62.5 for Las Vegas Sands over the last 3 months. The price of LVS is currently down -0.03% at $48.85, and RSI indicators suggest the stock may be oversold.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 6:16 pm

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable trades include bullish put options for TSLA and CBRL, bearish call options for DKNG and CVNA, and neutral call options for EXPE. Other companies with notable options activity include LVS, NKE, ANF, RL, and GM.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 5:35 pm

Travel and leisure stocks, including LVS and WYNN, are trading lower due to overall market weakness caused by concerns over rate hikes, which are pressuring discretionary stocks.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 4:56 pm

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