Las Vegas Sands Corp. (NYSE:LVS) Holdings Raised by Waterfront Wealth Inc.

Waterfront Wealth Inc. lifted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,657 shares of the casino operator’s stock after purchasing an additional 728 shares during the quarter. Waterfront Wealth Inc.’s holdings in Las Vegas Sands were worth $1,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in Las Vegas Sands in the third quarter worth about $27,000. Western Pacific Wealth Management LP bought a new stake in Las Vegas Sands in the third quarter worth about $29,000. Coppell Advisory Solutions LLC bought a new stake in Las Vegas Sands in the second quarter worth about $29,000. Retirement Group LLC bought a new stake in Las Vegas Sands in the fourth quarter worth about $31,000. Finally, CNB Bank bought a new stake in Las Vegas Sands in the third quarter worth about $32,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Performance

Las Vegas Sands stock traded down $0.28 during trading hours on Wednesday, reaching $50.23. 9,065,845 shares of the company were exchanged, compared to its average volume of 4,381,070. Las Vegas Sands Corp. has a 12 month low of $43.77 and a 12 month high of $65.58. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 0.81 and a beta of 1.16. The stock has a 50-day moving average of $52.37 and a 200 day moving average of $49.62.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the business earned $0.28 earnings per share. Las Vegas Sands’s revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.73 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a $0.20 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. Las Vegas Sands’s dividend payout ratio is 50.00%.

Analysts Set New Price Targets

Several research firms have issued reports on LVS. Barclays boosted their price objective on Las Vegas Sands from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Mizuho initiated coverage on Las Vegas Sands in a report on Tuesday, March 26th. They issued a “buy” rating and a $70.00 target price on the stock. Morgan Stanley upped their target price on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Finally, StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.37.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.