Covestor Ltd Boosts Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Covestor Ltd increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 34.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,482 shares of the casino operator’s stock after purchasing an additional 382 shares during the period. Covestor Ltd’s holdings in Las Vegas Sands were worth $74,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC lifted its stake in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after buying an additional 304 shares in the last quarter. Bank & Trust Co purchased a new position in Las Vegas Sands in the 2nd quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after acquiring an additional 437 shares in the last quarter. GAMMA Investing LLC boosted its stake in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the last quarter. Finally, Vestor Capital LLC bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth $43,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Up 0.5 %

Shares of Las Vegas Sands stock opened at $49.53 on Thursday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The company’s fifty day simple moving average is $48.19 and its 200-day simple moving average is $44.66. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market capitalization of $35.91 billion, a PE ratio of 24.52, a P/E/G ratio of 1.30 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. Las Vegas Sands’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.62%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 119,221 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the transaction, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LVS shares. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. UBS Group upped their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Macquarie dropped their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Company 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.