Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Signaturefd LLC

Posted by Defense World Staff on Jul 25th, 2023

Signaturefd LLC grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,626 shares of the casino operator’s stock after acquiring an additional 292 shares during the period. Signaturefd LLC’s holdings in Las Vegas Sands were worth $151,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of Las Vegas Sands during the 1st quarter worth approximately $32,000. Wealthfront Advisers LLC raised its position in shares of Las Vegas Sands by 481.5% during the 1st quarter. Wealthfront Advisers LLC now owns 33,145 shares of the casino operator’s stock worth $1,904,000 after purchasing an additional 27,445 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Las Vegas Sands by 118.6% during the 1st quarter. SG Americas Securities LLC now owns 471,801 shares of the casino operator’s stock worth $27,105,000 after purchasing an additional 256,014 shares during the last quarter. State of Michigan Retirement System raised its holdings in Las Vegas Sands by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 90,201 shares of the casino operator’s stock valued at $5,182,000 after acquiring an additional 900 shares during the last quarter. Finally, Zweig DiMenna Associates LLC raised its holdings in Las Vegas Sands by 162.9% in the 1st quarter. Zweig DiMenna Associates LLC now owns 92,000 shares of the casino operator’s stock valued at $5,285,000 after acquiring an additional 57,000 shares during the last quarter. 39.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LVS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Las Vegas Sands from $69.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, April 20th. Bank of America cut their price target on Las Vegas Sands from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, July 20th. StockNews.com initiated coverage on Las Vegas Sands in a report on Thursday, May 18th. They issued a “hold” rating for the company. JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $71.00 to $72.00 in a report on Monday, June 26th. Finally, Citigroup boosted their price objective on shares of Las Vegas Sands from $76.00 to $80.50 and gave the company a “buy” rating in a research note on Thursday, April 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.81.

Las Vegas Sands Stock Up 1.0 %

Shares of Las Vegas Sands stock opened at $56.53 on Tuesday. The company has a fifty day moving average price of $57.96 and a 200 day moving average price of $57.72. The company has a current ratio of 1.79, a quick ratio of 1.78 and a debt-to-equity ratio of 3.65. Las Vegas Sands Corp. has a twelve month low of $33.38 and a twelve month high of $65.58. The stock has a market cap of $43.20 billion, a price-to-earnings ratio of 807.57, a price-to-earnings-growth ratio of 5.99 and a beta of 1.15.

Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 19th. The casino operator reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Las Vegas Sands had a net margin of 0.75% and a return on equity of 5.89%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company earned ($0.34) EPS. The firm’s revenue was up 143.3% on a year-over-year basis. Equities research analysts forecast that Las Vegas Sands Corp. will post 1.88 earnings per share for the current fiscal year.

Las Vegas Sands Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Tuesday, August 8th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. Las Vegas Sands’s payout ratio is currently 1,142.86%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, Director Charles D. Forman sold 15,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $63.17, for a total value of $947,550.00. Following the completion of the transaction, the director now directly owns 205,984 shares of the company’s stock, valued at approximately $13,012,009.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by corporate insiders.

Las Vegas Sands Company Profile

(Free Report)

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.