Fmr LLC Sells 64,313 Shares of Las Vegas Sands Corp. (NYSE:LVS)

FMR LLC lessened its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 13.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 402,547 shares of the casino operator's stock after selling 64,313 shares during the period. FMR LLC owned approximately 0.06% of Las Vegas Sands worth $20,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Las Vegas Sands by 1.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock worth $283,284,000 after buying an additional 77,807 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in Las Vegas Sands by 22.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 60,295 shares of the casino operator's stock valued at $3,035,000 after buying an additional 11,023 shares during the period. Daiwa Securities Group Inc. lifted its stake in Las Vegas Sands by 12.5% in the third quarter. Daiwa Securities Group Inc. now owns 49,368 shares of the casino operator's stock valued at $2,485,000 after buying an additional 5,495 shares during the period. GM Advisory Group LLC boosted its position in shares of Las Vegas Sands by 81.6% during the third quarter. GM Advisory Group LLC now owns 9,081 shares of the casino operator's stock worth $457,000 after purchasing an additional 4,081 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in Las Vegas Sands by 4.7% in the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator's stock worth $255,000 after purchasing an additional 229 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, 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 completion of the transaction, the chief executive officer now owns 84,511 shares in the company, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Insiders have sold a total of 203,732 shares of company stock valued at $10,861,707 in the last three months. 0.91% of the stock is currently owned by company insiders.

Las Vegas Sands Stock Down 0.8 %

Shares of NYSE:LVS traded down $0.43 during trading on Wednesday, hitting $54.45. 4,929,345 shares of the company were exchanged, compared to its average volume of 5,704,961. The stock has a market capitalization of $39.48 billion, a P/E ratio of 26.99, a PEG ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60. The firm's 50 day moving average price is $51.73 and its 200-day moving average price is $45.43. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, research analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands's dividend payout ratio is 39.60%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LVS shares. Argus downgraded Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. Mizuho lifted their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Barclays raised their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Wells Fargo & Company increased their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley increased their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. 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, the stock has an average rating of "Moderate Buy" and an average target price of $58.00.

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.