Latest news with #LasVegasSandsCorp
Yahoo
22-05-2025
- Business
- Yahoo
Las Vegas Sands Corp.'s (NYSE:LVS) recent 5.0% pullback adds to one-year year losses, institutional owners may take drastic measures
Institutions' substantial holdings in Las Vegas Sands implies that they have significant influence over the company's share price A total of 4 investors have a majority stake in the company with 53% ownership Insiders have been buying lately We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you want to know who really controls Las Vegas Sands Corp. (NYSE:LVS), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 44% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk). And so it follows that institutional investors was the group most impacted after the company's market cap fell to US$29b last week after a 5.0% drop in the share price. Needless to say, the recent loss which further adds to the one-year loss to shareholders of 10% might not go down well especially with this category of shareholders. Also referred to as "smart money", institutions have a lot of sway over how a stock's price moves. Hence, if weakness in Las Vegas Sands' share price continues, institutional investors may feel compelled to sell the stock, which might not be ideal for individual investors. In the chart below, we zoom in on the different ownership groups of Las Vegas Sands. See our latest analysis for Las Vegas Sands Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Las Vegas Sands does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Las Vegas Sands, (below). Of course, keep in mind that there are other factors to consider, too. Las Vegas Sands is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Sheldon G Adelson Family Trust with 25% of shares outstanding. For context, the second largest shareholder holds about 18% of the shares outstanding, followed by an ownership of 5.8% by the third-largest shareholder. Our research also brought to light the fact that roughly 53% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own a reasonable proportion of Las Vegas Sands Corp.. Insiders own US$5.4b worth of shares in the US$29b company. That's quite meaningful. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling. The general public, who are usually individual investors, hold a 10% stake in Las Vegas Sands. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Our data indicates that Private Companies hold 27%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. It's always worth thinking about the different groups who own shares in a company. But to understand Las Vegas Sands better, we need to consider many other factors. Be aware that Las Vegas Sands is showing 2 warning signs in our investment analysis , you should know about... If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
15-05-2025
- Business
- Yahoo
Las Vegas Sands Corp. (LVS) Declined on Investors' Concerns
Baron Funds, an investment management company, released its 'Baron Real Estate Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, stocks were sold due to economic growth slowdown, inflation, and policymaking issues, including Baron Real Estate Fund®, without considering value. The fund declined 6.69% (Institutional Shares) in the quarter compared to a 3.11% decline for the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index) and a 0.76% gain for the MSCI US REIT Index (the REIT Index). In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Real Estate Fund highlighted stocks such as Las Vegas Sands Corp. (NYSE:LVS). Las Vegas Sands Corp. (NYSE:LVS) owns and operates integrated resorts in Macao and Singapore. The one-month return of Las Vegas Sands Corp. (NYSE:LVS) was 29.45%, and its shares lost 9.01% of their value over the last 52 weeks. On May 14, 2025, Las Vegas Sands Corp. (NYSE:LVS) stock closed at $42.42 per share with a market capitalization of $29.975 billion. Baron Real Estate Fund stated the following regarding Las Vegas Sands Corp. (NYSE:LVS) in its Q1 2025 investor letter: "Las Vegas Sands Corp. (NYSE:LVS) is a global leader in the development and operation of luxury casino resorts in Macau and Singapore. At its recent share price of only $33 per share, the company's shares are valued at only 7.5 times 2025 estimated cash flow (EBITDA), versus a long term average of 14 to 15 times cash flow. The shares of Las Vegas Sands Corporation underperformed in the first quarter as investors remained concerned about the lack of growth in the Macau market given the ongoing economic challenges in China. There is also uncertainty about the return on investment the company will generate from its recent $2 billion investment in Macau. We are optimistic about the prospects for this investment and believe Las Vegas Sands should capture additional market share and generate a respectable return on capital in 2026." The dazzling Las Vegas Strip lined with luxury Integrated Resorts, seen from a high elevation. Las Vegas Sands Corp. (NYSE:LVS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 49 hedge fund portfolios held Las Vegas Sands Corp. (NYSE:LVS) at the end of the fourth quarter which was 47 in the previous quarter. While we acknowledge the potential of Las Vegas Sands Corp. (NYSE:LVS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Las Vegas Sands Corp. (NYSE:LVS) and shared the list of best gambling stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Las Vegas Sands Corp. (LVS) Declined on Investors' Concerns
Baron Funds, an investment management company, released its 'Baron Real Estate Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, stocks were sold due to economic growth slowdown, inflation, and policymaking issues, including Baron Real Estate Fund®, without considering value. The fund declined 6.69% (Institutional Shares) in the quarter compared to a 3.11% decline for the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index) and a 0.76% gain for the MSCI US REIT Index (the REIT Index). In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Real Estate Fund highlighted stocks such as Las Vegas Sands Corp. (NYSE:LVS). Las Vegas Sands Corp. (NYSE:LVS) owns and operates integrated resorts in Macao and Singapore. The one-month return of Las Vegas Sands Corp. (NYSE:LVS) was 29.45%, and its shares lost 9.01% of their value over the last 52 weeks. On May 14, 2025, Las Vegas Sands Corp. (NYSE:LVS) stock closed at $42.42 per share with a market capitalization of $29.975 billion. Baron Real Estate Fund stated the following regarding Las Vegas Sands Corp. (NYSE:LVS) in its Q1 2025 investor letter: "Las Vegas Sands Corp. (NYSE:LVS) is a global leader in the development and operation of luxury casino resorts in Macau and Singapore. At its recent share price of only $33 per share, the company's shares are valued at only 7.5 times 2025 estimated cash flow (EBITDA), versus a long term average of 14 to 15 times cash flow. The shares of Las Vegas Sands Corporation underperformed in the first quarter as investors remained concerned about the lack of growth in the Macau market given the ongoing economic challenges in China. There is also uncertainty about the return on investment the company will generate from its recent $2 billion investment in Macau. We are optimistic about the prospects for this investment and believe Las Vegas Sands should capture additional market share and generate a respectable return on capital in 2026." The dazzling Las Vegas Strip lined with luxury Integrated Resorts, seen from a high elevation. Las Vegas Sands Corp. (NYSE:LVS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 49 hedge fund portfolios held Las Vegas Sands Corp. (NYSE:LVS) at the end of the fourth quarter which was 47 in the previous quarter. While we acknowledge the potential of Las Vegas Sands Corp. (NYSE:LVS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Las Vegas Sands Corp. (NYSE:LVS) and shared the list of best gambling stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
Las Vegas Sands drops casino bid at Nassau Coliseum
LONG ISLAND, N.Y. (PIX11) — Las Vegas Sands Corp. made a surprising announcement, stating that the company will not be bidding for a casino license in New York. The American casino and resort company has been associated with a proposed casino project at the Nassau Veterans Memorial Coliseum in Uniondale. More Local News In August, Nassau County lawmakers voted to approve a lease for the site, which will be granted to Las Vegas Sands. The company would then need to obtain a casino license from New York State before proceeding. The statement reads in part: 'We strongly believe in the development opportunity for a land-based downstate casino license in New York. We also continue to believe that the Nassau Coliseum site is the best location for that development opportunity and should be highly competitive in the New York casino licensing process. However, as we have previously stated, the company remains concerned about the impact of thepotential legalization of iGaming on the overall market opportunity and project returns. We are in the process of attempting to secure an agreement with a third party to whom we cantransact the opportunity to bid for a casino license on the Nassau Coliseum site. This would include those that may be able to address both land-based and digital markets in New Las Vegas Sands, we believe the highest and best use of our capital in the near term is to purchase Las Vegas Sands and Sands China shares. Accordingly, Sands has decided not to bid for a casino license in New York.' Las Vegas Sands stated that if they are unable to secure an agreement allowing a third party to bid for a casino license at the Nassau Coliseum, they will collaborate with Nassau County and other stakeholders to ensure the development aligns with Nassau County's long-term vision for the site. More: Latest News from Around the Tri-State Chris Boyle, the Director of Communications for Nassau County Executive Bruce A. Blakeman, released the following statement in response to the announcement: 'County Executive Blakeman has been aware of certain pressures that have factored into Las Vegas Sands' rethinking of land-based brick and mortar casinos in the United States. The County Executive is grateful that Las Vegas Sands is committed to the development of the Coliseum site with or without a casino. However, there is strong interest from gaming organizations that have been in confidential discussions with Nassau County to take the place of Las Vegas Sands in the licensing application process. Nassau County will crystallize within the next 30 days whether or not to entertain a casino component or develop the site without one. In either event, there will be an exciting new development that will create jobs and positive economic activity.' Ben Mitchell is a digital content producer from Vermont who has covered both local and international news since 2021. He joined PIX11 in 2024. See more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-04-2025
- Business
- Yahoo
Is Las Vegas Sands Corp. (LVS) the Best Gambling Stock to Buy According to Analysts?
We recently published a list of 12 Best Gambling Stocks to Buy According to Analysts. In this article, we are going to take a look at where Las Vegas Sands Corp. (NYSE:LVS) stands against other best gambling stocks to buy according to analysts. Gambling stocks include companies that own, run, or manage lawful gambling activities and events such as horse and dog racing, online gaming, bingo, and video lottery, as well as companies that provide products or services to gaming operators. During the COVID-19 pandemic, social isolation and stay-at-home orders spurred a boom in online sports betting and gambling. Even after the COVID-19 outbreak ended, sales continued to rise. As per Vixio Regulatory Intelligence, the US online gambling industry is estimated to generate $26.8 billion in gross revenue in 2025, up from $23.4 billion in 2024, with projections pointing to more than $41 billion by 2028. While iGaming is still restricted to a few strongholds, mobile sports betting is still on the rise, with one state recently surpassing $2 billion in yearly revenue. Under normal conditions, New Jersey's online gambling revenue surpassed that of land-based casinos in October 2024, whereas states such as Pennsylvania and Michigan have iGaming earnings that exceed $200 million monthly. However, expansion encounters opposition. Legalization efforts in New York, Maryland, and Louisiana continue, but union opposition and legislative friction persist. If just one of these states legalizes iGaming, it could start a domino effect. Another obstacle is tax increases; in 2024, several jurisdictions raised their sports betting tax rates, raising concerns that such high rates could impede innovation and competitiveness. Payment processing also remains a significant concern. Major financial services networks continue to restrict gambling transactions, intensifying the need for digital wallets and other workarounds, which authorities examine with caution. Meanwhile, sweepstakes platforms are growing in unregulated marketplaces, raising concerns as policymakers consider stronger regulations. According to estimates, the US-regulated online sports betting market is anticipated to reach $150 billion by 2024, driven by 32 states that allow online gambling. The CEO and co-founder of Third Planet Affiliates, Adam Small, who owns and operates the iGaming news media company and the sports betting website stated that the two large platforms dominate the business, accounting for around 75% of total wagers and revenue. Small believes there is still room for digital gambling to expand in the coming years, as Texas, California, and a more open Florida will deliver 'a large jolt' to the digital sports gambling market. Small commented the following: 'Plus, states like Minnesota and Georgia are continually flirting with legalization, and Missouri will soon join the ranks, probably in time for the 2025 football season.' However, Nick Slade, co-founder and chief content officer at Cipher Sports Technology Group, noted that while digital-only sportsbooks dominate the market, their long-term sustainability is questionable due to hefty user acquisition expenses. Many sportsbooks struggle with profitability and rely heavily on marketing to keep clients. Casino-backed sportsbooks, on the other hand, have a competitive advantage since they may use a variety of revenue streams, such as hotels, resorts, and luxury experiences, to increase client loyalty. Recently, the New York State Gaming Commission released its findings for mobile sports wagering from April 2024 to March 2025. According to its report, mobile sports betting in New York grew 20% year on year to $23.9 billion in FY2024- 25, producing $2.14 billion in gross gaming revenue (GGR). January dominated with a $2.48 billion handle and $247 million in GGR, closely followed by March with $2.44 billion and $161.8 million. For the first time since legalization in 2022, the monthly volume was over $1 billion. The state raised $1.11 billion for education, with $6 million for gambling treatment and $5 million for youth sports. Fines and adjustments brought in an additional $23.3 million, including a significant $17.5 million penalty. The dazzling Las Vegas Strip lined with luxury Integrated Resorts, seen from a high elevation. For this article, we screened for companies that are involved in gambling and formed an initial list of 20 gambling stocks. Then, we selected the 12 stocks that had the highest upside potential as of April 11, 2025. We have only included stocks in our list with an upside potential of 40% or higher. The stocks are ranked in ascending order of the upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Analysts' Upside Potential as of April 11: 85.04% Las Vegas Sands Corp. (NYSE:LVS) is a casino operator focused primarily on the Macau market. The company's five casinos in Macau and Marina Bay Sands in Singapore are primarily geared toward the Asian market. Since strict lockdowns in China and other Asian countries caused traffic to drop during the COVID-19 pandemic, the strategy of concentrating on Asia unfortunately backfired. However, the company rebounded in 2023 with operating profits of $2.3 billion and revenue of $10.4 billion, an improvement of more than 150% from 2022, showing that it is back on solid ground. Las Vegas Sands Corp. (NYSE:LVS)'s Macao betting market expanded significantly, with Q4 2024 gaming revenue up 6% year on year, owing to a 5% increase in mass gaming income. Marina Bay Sands did well in Singapore, with an adjusted property EBITDA of $537 million, up 28% from the previous year. The Londoner Grand Casino, which opened in late September with 315 suites, is planned to have expanded to 1,500 suites and rooms by May 2025. By repurchasing $450 million of stock and increasing the dividend to $1 per share in 2025, the firm proved its commitment to shareholder returns. Citi maintained its Buy rating for Las Vegas Sands Corp. (NYSE:LVS) and raised its price objective from $64.50 to $67. Marina Bay Sands claims that its Q4 EBITDA of well over $500 million positively shocked the market. Given Londoner Grand's slow opening, it is confident that its Macau property has excellent EBITDA recovery potential. The company is still the analyst's 'Global Top Pick'. Overall, LVS ranks 2nd on our list of the 12 Best Gambling Stocks to Buy According to Analysts. While we acknowledge the potential of gambling companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LVS but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
