Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,519 shares of the casino operator's stock after acquiring an additional 10,186 shares during the period. Assetmark Inc.'s holdings in Las Vegas Sands were worth $6,570,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock valued at $43,000 after purchasing an additional 243 shares during the period. Signaturefd LLC grew its position in Las Vegas Sands by 7.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator's stock valued at $177,000 after acquiring an additional 253 shares during the last quarter. Waldron Private Wealth LLC lifted its holdings in Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator's stock worth $628,000 after buying an additional 268 shares during the period. CVA Family Office LLC lifted its position in Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock valued at $28,000 after acquiring an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP raised its position in Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator's stock worth $50,000 after buying an additional 338 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company's stock, valued at $3,129,724. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at approximately $3,129,724. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the sale, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.91% of the company's stock.

Las Vegas Sands Price Performance

Shares of LVS traded down $1.34 during midday trading on Tuesday, hitting $49.30. 9,383,834 shares of the company traded hands, compared to its average volume of 5,808,435. The stock has a market cap of $35.74 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.32 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a 50 day moving average of $47.98 and a 200-day moving average of $44.63. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The company's revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.62%. Las Vegas Sands's dividend payout ratio (DPR) is presently 39.60%.

Wall Street Analysts Forecast Growth

LVS has been the topic of several recent analyst reports. UBS Group lifted their target price on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Mizuho upped their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Argus lowered shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th. Morgan Stanley lifted their target price on Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, Susquehanna lifted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Las Vegas Sands Company 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.