Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by World Equity Group Inc.

World Equity Group Inc. lifted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 25.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,000 shares of the casino operator’s stock after purchasing an additional 2,800 shares during the period. World Equity Group Inc.’s holdings in Las Vegas Sands were worth $705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC lifted its holdings 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 valued at $28,000 after purchasing an additional 304 shares in the last quarter. Bank & Trust Co bought a new stake in shares of Las Vegas Sands in the 2nd quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new position in shares of Las Vegas Sands in the 1st quarter worth about $43,000. GAMMA Investing LLC boosted its stake in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares during the period. Finally, Vestor Capital LLC acquired a new stake in shares of Las Vegas Sands in the 3rd quarter worth about $43,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LVS shares. Stifel Nicolaus raised their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Macquarie reduced their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. StockNews.com lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company upped their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $57.92.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 119,221 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands Stock Performance

NYSE:LVS traded down $0.14 during trading hours on Monday, reaching $51.59. The stock had a trading volume of 428,292 shares, compared to its average volume of 5,746,266. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.57 and a current ratio of 0.90. The stock has a market cap of $37.40 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.11. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The stock has a 50 day simple moving average of $46.61 and a 200 day simple moving average of $44.42.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, research analysts forecast that Las Vegas Sands Corp. will post 2.35 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

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.