Creative Financial Designs Inc. ADV lowered its position in Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 54.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 477 shares of the casino operator’s stock after selling 577 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Las Vegas Sands were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in Las Vegas Sands by 13.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,767 shares of the casino operator’s stock valued at $1,818,000 after purchasing an additional 5,716 shares during the period. American Century Companies Inc. increased its position in Las Vegas Sands by 17.1% during the 1st quarter. American Century Companies Inc. now owns 13,612 shares of the casino operator’s stock valued at $529,000 after purchasing an additional 1,985 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Las Vegas Sands by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,282 shares of the casino operator’s stock valued at $1,294,000 after purchasing an additional 2,145 shares during the period. Cetera Advisor Networks LLC increased its position in Las Vegas Sands by 26.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,502 shares of the casino operator’s stock valued at $525,000 after purchasing an additional 2,848 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Las Vegas Sands by 47.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,000 shares of the casino operator’s stock valued at $1,050,000 after purchasing an additional 8,711 shares during the period. Institutional investors and hedge funds own 39.66% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Las Vegas Sands in a research report on Thursday, May 18th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Las Vegas Sands from $69.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Wells Fargo & Company raised their price objective on shares of Las Vegas Sands from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, April 13th. Barclays raised their price objective on shares of Las Vegas Sands from $69.00 to $70.00 in a research report on Thursday. Finally, Roth Mkm raised their price objective on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.42.
Insider Buying and Selling at Las Vegas Sands
Las Vegas Sands Price Performance
Shares of LVS opened at $60.13 on Friday. Las Vegas Sands Corp. has a 12-month low of $32.57 and a 12-month high of $65.58. The business’s fifty day moving average is $58.38 and its 200 day moving average is $57.12. The company has a quick ratio of 1.78, a current ratio of 1.79 and a debt-to-equity ratio of 3.65. The stock has a market cap of $45.96 billion, a P/E ratio of -83.51, a P/E/G ratio of 6.07 and a beta of 1.15.
Las Vegas Sands (NYSE:LVS – Get Free Report) last issued its quarterly earnings data on Wednesday, April 19th. The casino operator reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. Las Vegas Sands had a negative return on equity of 10.21% and a negative net margin of 10.42%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned ($0.40) EPS. The business’s revenue was up 124.8% on a year-over-year basis. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 1.7 earnings per share for the current fiscal year.
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.
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