Wellington Management Group LLP Sells 857,741 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Wellington Management Group LLP lowered its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 30.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,980,249 shares of the casino operator's stock after selling 857,741 shares during the period. Wellington Management Group LLP owned about 0.27% of Las Vegas Sands worth $99,686,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LVS. CVA Family Office LLC grew its position 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 worth $28,000 after purchasing an additional 304 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands in the third quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock valued at $40,000 after acquiring an additional 437 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after acquiring an additional 243 shares during the period. Finally, Vestor Capital LLC bought a new position in Las Vegas Sands in the 3rd quarter valued at $43,000. 39.16% of the stock is owned by institutional investors.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the firm's stock in a transaction that occurred 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 directly owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,732 shares of company stock valued at $10,861,707. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LVS has been the topic of a number of research analyst reports. 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 report on Tuesday, October 1st. Susquehanna increased their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a research report on Wednesday, October 16th. Barclays lifted their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Argus lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Finally, Stifel Nicolaus boosted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Las Vegas Sands Price Performance

NYSE LVS traded down $0.28 during trading hours on Tuesday, hitting $54.89. The company had a trading volume of 3,457,497 shares, compared to its average volume of 5,708,220. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market capitalization of $39.80 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The firm has a 50 day simple moving average of $51.67 and a 200 day simple moving average of $45.36.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. Las Vegas Sands's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. Equities research analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders 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 1.46%. Las Vegas Sands's dividend payout ratio (DPR) is currently 39.60%.

About Las Vegas Sands

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.