abrdn plc reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 68.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,800 shares of the casino operator's stock after selling 261,403 shares during the period. abrdn plc's holdings in Las Vegas Sands were worth $6,137,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in LVS. Wilmington Savings Fund Society FSB bought a new position in Las Vegas Sands in the 3rd quarter worth approximately $26,000. CVA Family Office LLC increased its position in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock worth $28,000 after buying an additional 304 shares during the period. UMB Bank n.a. increased its position in Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after buying an additional 247 shares during the period. Ashton Thomas Securities LLC bought a new position in Las Vegas Sands in the 3rd quarter worth approximately $34,000. Finally, GAMMA Investing LLC increased its position in Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after buying an additional 243 shares during the period. 39.16% of the stock is owned by institutional investors.
Las Vegas Sands Price Performance
NYSE:LVS traded up $0.68 during trading hours on Wednesday, reaching $41.93. The company had a trading volume of 5,977,717 shares, compared to its average volume of 6,155,329. The stock has a 50-day moving average of $48.50 and a two-hundred day moving average of $46.92. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. The firm has a market capitalization of $30.40 billion, a PE ratio of 21.28, a PEG ratio of 1.32 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. Analysts forecast that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.
Las Vegas Sands Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's payout ratio is currently 40.61%.
Insiders Place Their Bets
In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.91% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Macquarie boosted their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and boosted their price objective for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, Barclays lowered their price objective on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average price target of $59.58.
Read Our Latest Analysis on Las Vegas Sands
Las Vegas Sands Profile
(
Free Report)
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.
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