BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 71.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,926 shares of the casino operator's stock after selling 27,872 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Las Vegas Sands were worth $565,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of LVS. Delos Wealth Advisors LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth about $33,000. Venturi Wealth Management LLC increased its holdings in shares of Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator's stock worth $34,000 after purchasing an additional 409 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands during the 4th quarter worth about $39,000. Accent Capital Management LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth about $39,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Las Vegas Sands during the 1st quarter worth about $43,000. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Price Performance
Shares of Las Vegas Sands stock traded up $0.89 during midday trading on Thursday, hitting $42.32. 4,112,452 shares of the company traded hands, compared to its average volume of 5,355,911. The stock has a market cap of $31.53 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 0.74 and a beta of 1.12. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. The firm's fifty day moving average price is $44.69 and its 200-day moving average price is $48.63. Las Vegas Sands Corp. has a 12 month low of $41.17 and a 12 month high of $61.25.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The firm's revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.69 earnings per share for the current year.
Las Vegas Sands Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands's dividend payout ratio (DPR) is presently 38.65%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on LVS shares. StockNews.com raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a research note on Wednesday, April 10th. Wells Fargo & Company cut their price objective on shares of Las Vegas Sands from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, July 2nd. Mizuho lowered their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, April 18th. Finally, Stifel Nicolaus cut their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.29.
View Our Latest Research Report on LVS
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.
Further Reading
![Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=LVS)
Before you consider Las Vegas Sands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.
While Las Vegas Sands currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.