HB Wealth Management LLC Grows Position in Las Vegas Sands Corp. (NYSE:LVS)

HB Wealth Management LLC boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,396 shares of the casino operator’s stock after acquiring an additional 701 shares during the quarter. HB Wealth Management LLC’s holdings in Las Vegas Sands were worth $277,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Las Vegas Sands in the third quarter valued at $26,000. CVA Family Office LLC increased its position 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 valued at $28,000 after buying an additional 304 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Las Vegas Sands in the third quarter valued at $34,000. GAMMA Investing LLC increased its position in shares of 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 buying an additional 243 shares in the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of Las Vegas Sands in the third quarter valued at $43,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE LVS opened at $43.46 on Friday. The business’s 50-day simple moving average is $50.39 and its 200-day simple moving average is $46.62. The firm has a market capitalization of $31.51 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.00 and a beta of 1.09. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.60.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Las Vegas Sands’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts predict that Las Vegas Sands Corp. will post 2.36 EPS for the current year.

Insider Activity

In related news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value 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. This represents a 28.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 203,732 shares of company stock worth $10,861,707. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LVS shares. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. UBS Group lifted their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays lifted their price objective on Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $51.00 price objective (down previously from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.92.

About Las Vegas Sands

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.