Meitav Dash Investments Ltd. grew its stake in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 16.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,979 shares of the casino operator’s stock after purchasing an additional 19,535 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Las Vegas Sands were worth $5,402,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands in the first quarter valued at about $39,000. Confluence Wealth Services Inc. acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at about $40,000. Hudock Inc. grew its stake in shares of Las Vegas Sands by 89.9% in the first quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock valued at $41,000 after acquiring an additional 500 shares in the last quarter. Bessemer Group Inc. grew its stake in Las Vegas Sands by 54.7% during the fourth quarter. Bessemer Group Inc. now owns 1,142 shares of the casino operator’s stock worth $43,000 after buying an additional 404 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Las Vegas Sands by 140.2% during the fourth quarter. First Horizon Advisors Inc. now owns 1,554 shares of the casino operator’s stock worth $57,000 after buying an additional 907 shares in the last quarter. 34.33% of the stock is owned by institutional investors.
Las Vegas Sands Price Performance
Shares of NYSE LVS opened at $38.37 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $28.88 and a fifty-two week high of $48.27. The stock has a market cap of $29.32 billion, a price-to-earnings ratio of 16.83 and a beta of 1.25. The company has a debt-to-equity ratio of 3.63, a quick ratio of 3.33 and a current ratio of 3.35. The firm’s 50-day simple moving average is $35.08 and its 200 day simple moving average is $37.68.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on LVS shares. Barclays increased their price objective on shares of Las Vegas Sands from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, July 21st. StockNews.com upgraded shares of Las Vegas Sands to a “sell” rating in a report on Tuesday, May 10th. Wells Fargo & Company upgraded shares of Las Vegas Sands from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $43.00 to $45.00 in a report on Thursday, July 21st. Morgan Stanley decreased their price objective on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Finally, UBS Group set a $42.00 price objective on Las Vegas Sands in a report on Monday, June 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.38.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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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