Las Vegas Sands Corp. $LVS Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S sold 19,070 shares of Las Vegas Sands Corp., reducing its holdings by 56.8%, leaving it with 14,531 shares valued at approximately $561,000.
• Las Vegas Sands recently reported **earnings of $0.79 per share**, surpassing the consensus estimate by $0.26, with a revenue of $3.18 billion for the quarter, up 15% year-over-year.
• Several analysts have upgraded their price targets for Las Vegas Sands, with a new consensus average target price of **$58.33** and a rating of "Moderate Buy."

BI Asset Management Fondsmaeglerselskab A S reduced its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 56.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,531 shares of the casino operator's stock after selling 19,070 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Las Vegas Sands were worth $561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Las Vegas Sands by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator's stock worth $1,593,457,000 after acquiring an additional 2,267,307 shares during the period. Janus Henderson Group PLC grew its stake in shares of Las Vegas Sands by 55.7% during the 4th quarter. Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator's stock valued at $730,295,000 after buying an additional 5,088,095 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Las Vegas Sands by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 12,415,492 shares of the casino operator's stock valued at $479,610,000 after buying an additional 752,944 shares during the period. Invesco Ltd. grew its stake in shares of Las Vegas Sands by 9.1% during the 1st quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator's stock valued at $364,775,000 after buying an additional 790,952 shares during the period. Finally, ARGA Investment Management LP grew its stake in shares of Las Vegas Sands by 12.9% during the 1st quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator's stock valued at $283,644,000 after buying an additional 841,195 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Up 1.6%

Las Vegas Sands stock traded up $0.91 during trading on Thursday, reaching $57.61. 1,738,326 shares of the company's stock were exchanged, compared to its average volume of 5,589,436. The company's 50-day moving average is $50.17 and its two-hundred day moving average is $43.51. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $57.69. The firm has a market cap of $39.54 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.13 and a beta of 1.08.

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

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were issued a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Las Vegas Sands's payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho boosted their price objective on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Bank of America boosted their price objective on shares of 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 lowered their price objective on shares of 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. Finally, The Goldman Sachs Group initiated coverage on shares of Las Vegas Sands in a research report on Monday, July 7th. They set a "neutral" rating and a $52.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Las Vegas Sands presently has an average rating of "Moderate Buy" and an average target price of $59.00.

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.