Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,075,628 shares of the casino operator's stock after selling 64,365 shares during the period. Nordea Investment Management AB owned approximately 0.29% of Las Vegas Sands worth $106,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Las Vegas Sands by 206.8% in the 4th quarter. GAMMA Investing LLC now owns 2,605 shares of the casino operator's stock worth $134,000 after purchasing an additional 1,756 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Las Vegas Sands by 33.3% in the third quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator's stock worth $27,590,000 after acquiring an additional 136,859 shares during the period. Franklin Resources Inc. raised its holdings in shares of Las Vegas Sands by 10.8% during the third quarter. Franklin Resources Inc. now owns 115,803 shares of the casino operator's stock worth $6,053,000 after purchasing an additional 11,261 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands during the third quarter valued at $26,000. Finally, World Investment Advisors LLC purchased a new stake in Las Vegas Sands in the third quarter valued at $1,953,000. Hedge funds and other institutional investors own 39.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LVS. Stifel Nicolaus raised their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Mizuho increased their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.25.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated Thursday, November 7th. The stock was 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 directly owns 60,187 shares of the company's stock, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 203,732 shares of company stock valued at $10,861,707. 0.91% of the stock is currently owned by company insiders.

Las Vegas Sands Trading Down 2.9 %

LVS stock traded down $1.48 during trading on Tuesday, reaching $49.45. 4,651,893 shares of the stock were exchanged, compared to its average volume of 3,593,998. The business has a 50 day moving average price of $51.70 and a 200-day moving average price of $46.46. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.60. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $35.85 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.43 and a beta of 1.09.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business 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 company posted $0.55 earnings per share. The company's revenue was down 4.0% on a year-over-year basis. On average, research analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.62%. Las Vegas Sands's payout ratio is currently 39.60%.

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.