The recent updates in the activity of
Las Vegas Sands Corp. (LVS) mostly center around the casino operator's financial results for Q1 2025. The company reported
lower profits for the quarter, likely due to declined revenue in Macau. Despite these results, LVS stock has seen
positivity moving up 6.08% on April 24 and further by 3.99% on April 22. Meanwhile, the Q1 earnings call underscored a
record performance in Singapore. In terms of investments, institutions like Natixis and Orvieto Partners LP have taken positions in LVS. Still, there were some that reduced their stakes, including Canada Life Assurance Co, Long Focus Capital Management LLC, and Guggenheim Capital LLC. Barclays and Morgan Stanley have
adjusted their stock price targets on Las Vegas Sands amidst these developments. Interestingly, LVS has pulled back from bidding for a New York casino, choosing instead to focus on
share buybacks. Looking ahead, the company is banking on the robustness of the Asian market, with Macao and Singapore being the two key territories for growth. Its strong performance in Singapore business has prompted analysts to consider LVS as a viable economic recovery stock. The company's consistent dividend payout also adds an attractive layer to its investment profile.
Las Vegas Sands Corp LVS News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 26 Apr 2025 21:17:18 GMT -
Rating 5
- Innovation 8
- Information 6
- Rumor 4
