Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Appaloosa LP

Appaloosa LP trimmed its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 41.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 900,000 shares of the casino operator's stock after selling 628,323 shares during the period. Las Vegas Sands comprises 0.7% of Appaloosa LP's holdings, making the stock its 29th biggest holding. Appaloosa LP owned about 0.12% of Las Vegas Sands worth $46,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in shares of Las Vegas Sands by 3.6% in the third quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator's stock valued at $305,000 after acquiring an additional 213 shares in the last quarter. Raymond James Trust N.A. increased its position in Las Vegas Sands by 4.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator's stock valued at $255,000 after purchasing an additional 229 shares during the period. Oppenheimer & Co. Inc. increased its position in Las Vegas Sands by 3.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator's stock valued at $334,000 after purchasing an additional 231 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of Las Vegas Sands by 45.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock valued at $39,000 after purchasing an additional 238 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 247 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

LVS has been the topic of several research reports. Macquarie lifted their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Citigroup boosted their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Barclays lowered their price target on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a 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 for the company in a research report on Thursday, January 30th. Finally, Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and boosted their target price for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Four investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.42.

Las Vegas Sands Stock Performance

Shares of LVS traded up $0.48 during trading hours on Monday, hitting $43.67. The stock had a trading volume of 4,642,658 shares, compared to its average volume of 5,641,951. The firm has a 50-day moving average price of $44.64 and a 200 day moving average price of $47.65. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.61. The firm has a market capitalization of $31.26 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's dividend payout ratio is currently 50.76%.

Las Vegas Sands Profile

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.