World Investment Advisors LLC bought a new position in Las Vegas Sands Corp. (NYSE:LVS – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 38,789 shares of the casino operator’s stock, valued at approximately $1,953,000.
A number of other large investors have also recently added to or reduced their stakes in LVS. Janus Henderson Group PLC grew its position in shares of Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Las Vegas Sands by 987.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after purchasing an additional 5,039,072 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 valued at $502,307,000 after purchasing an additional 1,536,754 shares during the period. Charles Lim Capital Ltd grew its position in Las Vegas Sands by 178.3% in the 2nd quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock worth $70,800,000 after purchasing an additional 1,025,000 shares during the last quarter. Finally, ARGA Investment Management LP increased its holdings in shares of Las Vegas Sands by 24.8% during the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock worth $247,891,000 after purchasing an additional 977,636 shares during the period. Institutional investors own 39.16% of the company’s stock.
Las Vegas Sands Trading Up 0.1 %
Shares of Las Vegas Sands stock opened at $53.87 on Friday. The stock has a market capitalization of $39.06 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The company has a 50-day simple moving average of $51.85 and a 200 day simple moving average of $45.62.
Las Vegas Sands Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were given 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 1.49%. Las Vegas Sands’s payout ratio is 39.60%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on LVS shares. UBS Group increased 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. Susquehanna lifted their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Barclays upped their target price on Las Vegas Sands from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday. Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company increased their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.
View Our Latest Stock Analysis on LVS
Insider Activity
In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders have sold 203,732 shares of company stock valued at $10,861,707 over the last three months. 0.91% of the stock is owned by insiders.
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.
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