5 Best Las Vegas Stocks to Buy Right Now

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

No. of Hedge Fund Holders: 48

Las Vegas Sands Corp. (NYSE:LVS) operates fully integrated resorts, featuring casino, hotel, entertainment, F&B, retail, and convention center operations.

The stock ranks 3rd on our list of 11 best Las Vegas stocks to buy now.

Las Vegas Sands Corp. (NYSE:LVS) has released its results for Q3 2022. Despite travel restrictions impacting financial results in the third quarter of 2022, the company has seen further progress in Singapore’s recovery as Marina Bay Sands reached $343 million in adjusted property EBITDA. Its net revenue came in at $1.01 billion against $857 million in Q3 2021. The company expects recovery of travel and tourism spending across markets. Demand from customers who visit remains healthy.

Barclays initiated the coverage on Las Vegas Sands Corp. (NYSE:LVS) on December 15, and upped their price target on the shares of Las Vegas Sands Corp. (NYSE:LVS) from $43.00 to $57.00. They have an “Overweight” rating on the stock. The analyst expects to see healthy preference among consumers for experiences.

According to Insider Monkey’s proprietary database, 48 hedge funds were bullish on Las Vegas Sands Corp. (NYSE:LVS), as of the end of the third quarter.

Baron Funds, an investment management company, published its third quarter 2022 investor letter. Here is what the fund said about Las Vegas Sands Corp. (NYSE:LVS):

“The shares of Las Vegas Sands Corp. (NYSE:LVS) performed well in the most recent quarter in part due to the decision by China’s central government to ease the visa policy for Macau, which should result in increased travel into Macau for the first time since the outbreak of COVID-19.

Sands is a global leader in the development and operation of luxury casino resorts in Macau and Singapore, and it maintains a liquid and investment grade balance sheet. We anticipate that management may begin to return capital to shareholders through dividends and share buybacks as Singapore and Macau recover.

The shares are valued at a significant discount to our assessment of replacement cost, and the company’s Macau operations are valued at only 7 times estimated cash flow.”

Follow Las Vegas Sands Corp (NYSE:LVS)