5 Best Las Vegas Stocks To Buy Now

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

Number of Hedge Fund Holders: 39

Las Vegas Sands Corp. (NYSE:LVS) is a global integrated resort company that has facilities in the United States, the People’s Republic of China, Macau, and Singapore. It is headquartered in Las Vegas, Nevada, United States.

In an industry that is continuing to play hide and seek with sporadic bursts of coronavirus cases, Las Vegas Sands Corp. (NYSE:LVS) has a sturdy balance sheet that allows it to weather losses for at least 18 months before turning to debtors to raise more cash. Additionally, the firm is projected to touch $5 billion in revenue this year and double this to $10 billion next year, for sturdy outlooks for its future.

Wells Fargo raised Las Vegas Sands Corp. (NYSE:LVS)’s share price target to $47 from $45 in July 2022, outlining that there are few headwinds for the company in the future. Insider Monkey scanned 912 hedge fund portfolios for this year’s March quarter to discover that 39 had invested in the company.

Las Vegas Sands Corp. (NYSE:LVS)’s largest investor is John Khoury’s Long Pond Capital which owns 2.6 million shares that are worth $104 million.

Baron Funds mentioned the company in its first quarter of 2022 investor letter. Here is what the fund said:

“Following a 50%-plus decline in the share price of Las Vegas Sands Corporation from its 2021 peak share price of $67 to $34, we began acquiring shares of this global leader in the development and operation of luxury casino resorts in the fourth quarter of 2021 and continued to acquire shares in the most recent quarter. We believe Las Vegas Sands’ market-leading resorts in Macau and Singapore position the company for strong growth when travel and tourism spending rebounds. Las Vegas Sands maintains a liquid and investment grade balance sheet and is currently valued at a significant discount to our assessment of replacement cost.”