abrdn plc Cuts Holdings in Las Vegas Sands Corp. (NYSE:LVS)

abrdn plc trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,203 shares of the casino operator's stock after selling 39,471 shares during the quarter. abrdn plc owned approximately 0.05% of Las Vegas Sands worth $19,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LVS. CVA Family Office LLC raised its position in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock worth $28,000 after acquiring an additional 304 shares during the period. Bank & Trust Co acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth about $29,000. Fidelis Capital Partners LLC purchased a new position in Las Vegas Sands in the 1st quarter valued at about $43,000. GAMMA Investing LLC boosted its holdings in Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after buying an additional 243 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock worth $40,000 after buying an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LVS. Macquarie decreased their target price on Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group lowered their target price on shares of Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating on the stock in a research note on Thursday, July 11th. Mizuho increased their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Finally, Barclays increased their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $57.92.

Insider Buying and Selling at Las Vegas Sands

In other 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 sale, the chief executive officer now directly owns 84,511 shares of the company's stock, valued at approximately $4,540,776.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Las Vegas Sands Trading Down 0.2 %

Shares of Las Vegas Sands stock traded down $0.12 during trading hours on Friday, hitting $51.73. The company's stock had a trading volume of 4,846,225 shares, compared to its average volume of 5,771,350. The stock has a market cap of $37.51 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.39 and a beta of 1.12. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.57 and a current ratio of 0.90. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The firm has a fifty day moving average of $46.61 and a 200-day moving average of $44.50.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.55 EPS. Research analysts forecast that Las Vegas Sands Corp. will post 2.35 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 1.55%. Las Vegas Sands's dividend payout ratio (DPR) is presently 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.