Wealthfront Advisers LLC increased its holdings in Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 18.3% during the first quarter, Holdings Channel.com reports. The firm owned 79,780 shares of the casino operator’s stock after acquiring an additional 12,334 shares during the quarter. Wealthfront Advisers LLC’s holdings in Las Vegas Sands were worth $4,299,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust purchased a new stake in Las Vegas Sands during the 4th quarter valued at about $26,000. International Assets Investment Management LLC purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at about $26,000. DV Equities LLC bought a new stake in Las Vegas Sands during the 4th quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $29,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after acquiring an additional 400 shares during the period. 39.16% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on LVS shares. Stifel Nicolaus raised their target price on Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. HSBC upped their price target on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Morgan Stanley raised their price objective on Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Barclays dropped their target price on shares of Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, Mizuho upped their target price on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average target price of $65.19.
Las Vegas Sands Stock Performance
Las Vegas Sands stock opened at $45.37 on Monday. Las Vegas Sands Corp. has a twelve month low of $44.22 and a twelve month high of $70.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The company has a market capitalization of $30.06 billion, a P/E ratio of 16.80, a PEG ratio of 1.03 and a beta of 0.83. The stock’s 50 day moving average is $48.80 and its 200 day moving average is $53.82.
Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts predict that Las Vegas Sands Corp. will post 3.37 earnings per share for the current fiscal year.
Las Vegas Sands Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands’s payout ratio is presently 44.44%.
Las Vegas Sands Profile
Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.
The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.
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