OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 145.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,558 shares of the casino operator's stock after purchasing an additional 36,498 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Las Vegas Sands were worth $2,979,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. CVA Family Office LLC grew its holdings in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock valued at $28,000 after buying an additional 304 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of Las Vegas Sands in the second quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands during the third quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock valued at $40,000 after purchasing an additional 437 shares during the period. Finally, 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 last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.
Las Vegas Sands Stock Up 0.5 %
Shares of LVS stock traded up $0.27 on Wednesday, reaching $49.53. 5,493,462 shares of the stock were exchanged, compared to its average volume of 5,807,078. The company has a market capitalization of $35.91 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.30 and a beta of 1.11. The business's 50 day moving average price is $48.19 and its 200 day moving average price is $44.66. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The company's revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.
Las Vegas Sands Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be given 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 is presently 39.60%.
Wall Street Analyst Weigh In
LVS has been the subject of a number of recent analyst reports. Barclays raised their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Mizuho boosted 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. Susquehanna upped their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Finally, StockNews.com cut Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $58.00.
Check Out Our Latest Report on LVS
Insider Transactions at Las Vegas Sands
In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the firm's 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 transaction, the chief executive officer now owns 60,187 shares of the company's stock, valued at approximately $3,129,724. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now directly owns 84,511 shares of the company's stock, valued at $4,540,776.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the company's 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 approximately $3,129,724. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.91% of the company's stock.
About Las Vegas Sands
(
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.
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