AG2R LA Mondiale Gestion D Actifs Purchases New Shares in Las Vegas Sands Corp. $LVS

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in Las Vegas Sands Corp., purchasing 15,711 shares valued at approximately $647,000.
• Las Vegas Sands reported earnings of $0.79 per share for the last quarter, exceeding analyst expectations and showing a revenue increase of 15.0% year-over-year.
• Analysts have updated their price targets for Las Vegas Sands, with several raising theirs to around $57 to $58, reflecting positive outlooks on the stock.

AG2R LA Mondiale Gestion D Actifs bought a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,711 shares of the casino operator's stock, valued at approximately $647,000.

Several other large investors have also made changes to their positions in LVS. Center for Financial Planning Inc. bought a new stake in shares of Las Vegas Sands in the first quarter valued at approximately $42,000. Farther Finance Advisors LLC raised its stake in shares of Las Vegas Sands by 133.1% in the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock valued at $59,000 after purchasing an additional 856 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Las Vegas Sands in the first quarter valued at $127,000. Golden State Wealth Management LLC raised its stake in shares of Las Vegas Sands by 103.2% in the first quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator's stock valued at $139,000 after purchasing an additional 1,822 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Las Vegas Sands in the first quarter valued at $153,000. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Stock Up 1.1%

Shares of NYSE LVS traded up $0.59 during mid-day trading on Friday, reaching $53.80. 1,896,233 shares of the company's stock were exchanged, compared to its average volume of 5,547,576. The firm has a market capitalization of $36.93 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.92 and a beta of 1.04. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The business has a fifty day simple moving average of $53.06 and a 200 day simple moving average of $44.74. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.26. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.Las Vegas Sands's revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. As a group, equities analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.25 per share. 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 payout ratio is 50.51%.

Analyst Ratings Changes

A number of research analysts recently commented on LVS shares. Bank of America upped their target price on Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Susquehanna cut their target price on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a research note on Monday, July 21st. Macquarie upped their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Morgan Stanley increased their price objective on Las Vegas Sands from $50.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Finally, Argus upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.47.

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.