AG2R LA Mondiale Gestion D Actifs bought a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 15,711 shares of the casino operator's stock, valued at approximately $647,000.
Other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC grew its position in shares of Las Vegas Sands by 15.6% during the first quarter. Voya Investment Management LLC now owns 1,322,538 shares of the casino operator's stock worth $51,090,000 after buying an additional 178,526 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Las Vegas Sands by 6.1% in the first quarter. IFM Investors Pty Ltd now owns 62,448 shares of the casino operator's stock valued at $2,412,000 after purchasing an additional 3,588 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Las Vegas Sands by 3.7% in the first quarter. Belpointe Asset Management LLC now owns 15,006 shares of the casino operator's stock valued at $580,000 after purchasing an additional 537 shares during the last quarter. Optimize Financial Inc lifted its position in shares of Las Vegas Sands by 16.7% in the first quarter. Optimize Financial Inc now owns 15,490 shares of the casino operator's stock valued at $598,000 after acquiring an additional 2,212 shares in the last quarter. Finally, Woodline Partners LP lifted its position in Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator's stock worth $1,122,000 after buying an additional 8,132 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
LVS has been the topic of a number of research reports. Mizuho raised their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Argus upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price objective on the stock in a report on Monday, July 28th. Morgan Stanley lifted their target price on Las Vegas Sands from $50.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 11th. Bank of America lifted their target price on Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Macquarie boosted their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Las Vegas Sands has an average rating of "Moderate Buy" and a consensus price target of $59.47.
View Our Latest Analysis on Las Vegas Sands
Las Vegas Sands Price Performance
NYSE LVS traded down $1.21 during trading hours on Tuesday, reaching $51.88. 6,442,331 shares of the company's stock were exchanged, compared to its average volume of 4,449,423. The stock has a market cap of $35.61 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.93 and a beta of 1.04. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $58.05. The firm has a fifty day moving average of $52.94 and a 200-day moving average of $44.63. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.26. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.55 EPS. The business's quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.51%.
Las Vegas Sands 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.
Further Reading
Before you consider Las Vegas Sands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.
While Las Vegas Sands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
