5 Best Gambling Stocks to Buy Now

2. Las Vegas Sands Corp. (NYSE:LVS)

Number of Hedge Fund Holders: 62

Las Vegas Sands Corp. (NYSE:LVS) is an American casino and resorts operator. The company also owns various restaurants and clubs, art and science museums, and convention and exhibition facilities. The company ranks 2nd on our list of the best gambling stocks to buy now.

Earlier this year, the company sold two of its solely-owned Nevada properties for $6.25 billion. The decision on selling the properties will allow Las Vegas Sands Corp. (NYSE:LVS) to focus on growing markets in Asia.

This April, Truist analyst Barry Jonas kept his Hold rating on Las Vegas Sands Corp. (NYSE:LVS) shares while also raising his price target from $43 to $38. Jonas made positive comments on the company’s strong earnings and mentioned a positive outlook with the vaccine rollout.

In the first quarter of 2021, Las Vegas Sands Corp. (NYSE:LVS) had an EPS of $0.68, short on estimates of $0.85. The company’s net revenue decreased 15.6% or $1.20 billion from the previous quarter. 

By the end of the first quarter of 2021, 62 hedge funds out of the 866 tracked by Insider Monkey held stakes in Las Vegas Sands Corp. (NYSE:LVS) worth roughly $2.44 billion.