Swiss National Bank Has $46.53 Million Position in Las Vegas Sands Corp. $LVS

Swiss National Bank boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,069,500 shares of the casino operator’s stock after acquiring an additional 47,100 shares during the quarter. Swiss National Bank’s holdings in Las Vegas Sands were worth $46,534,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Las Vegas Sands during the second quarter worth $41,000. FNY Investment Advisers LLC bought a new position in Las Vegas Sands during the second quarter valued at about $43,000. Hilltop National Bank acquired a new stake in shares of Las Vegas Sands in the second quarter worth about $44,000. Finally, UMB Bank n.a. lifted its position in shares of Las Vegas Sands by 53.8% in the second quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after buying an additional 476 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Las Vegas Sands from $59.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Wells Fargo & Company assumed coverage on shares of Las Vegas Sands in a research report on Tuesday, November 18th. They issued an “equal weight” rating and a $66.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Las Vegas Sands from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. The Goldman Sachs Group raised their target price on shares of Las Vegas Sands from $57.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Susquehanna lifted their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus target price of $64.60.

Las Vegas Sands Trading Up 2.0%

Shares of LVS stock opened at $65.57 on Tuesday. The firm has a market capitalization of $44.33 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $67.83. The firm’s fifty day simple moving average is $56.76 and its 200 day simple moving average is $51.15. The company has a current ratio of 0.89, a quick ratio of 1.21 and a debt-to-equity ratio of 7.42.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The business’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, November 4th. Las Vegas Sands’s payout ratio is currently 45.25%.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 700,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $58.88, for a total transaction of $41,216,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP D. Zachary Hudson sold 100,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $64.99, for a total value of $6,499,000.00. Following the completion of the transaction, the executive vice president owned 13,735 shares of the company’s stock, valued at $892,637.65. The trade was a 87.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,100,000 shares of company stock valued at $126,218,200. Insiders own 1.20% of the company’s stock.

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.