Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 16.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,649,640 shares of the casino operator’s stock after selling 2,689,857 shares during the quarter. Fisher Asset Management LLC owned about 1.88% of Las Vegas Sands worth $687,123,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LVS. The Manufacturers Life Insurance Company lifted its stake in shares of Las Vegas Sands by 987.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after acquiring an additional 5,039,072 shares during the period. Janus Henderson Group PLC raised its stake in shares of Las Vegas Sands by 58.6% in the 1st quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock worth $275,559,000 after buying an additional 1,968,941 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after buying an additional 1,536,754 shares in the last quarter. Charles Lim Capital Ltd boosted its stake in Las Vegas Sands by 178.3% during the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock valued at $70,800,000 after buying an additional 1,025,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Las Vegas Sands by 44.1% during the second quarter. Renaissance Technologies LLC now owns 2,949,670 shares of the casino operator’s stock worth $130,523,000 after acquiring an additional 903,400 shares during the period. Institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group raised their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Las Vegas Sands Price Performance

LVS opened at $50.08 on Monday. The stock has a fifty day moving average price of $49.73 and a 200 day moving average price of $44.84. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The stock has a market cap of $36.31 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.32 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. Analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.60%. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

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.