Jump Financial LLC Acquires 59,982 Shares of Las Vegas Sands Corp. $LVS

Key Points

• Jump Financial LLC has significantly increased its stake in Las Vegas Sands Corp. by 560.4%, now owning 70,685 shares valued at approximately $2.73 million.
• Las Vegas Sands reported a quarterly earnings per share of $0.79, surpassing analysts' expectations of $0.53, with a revenue increase of 15% year-over-year.
• The company declared a quarterly $0.25 dividend, representing a 1.8% yield with a payout ratio of 50.51%.

Jump Financial LLC increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 560.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,685 shares of the casino operator's stock after acquiring an additional 59,982 shares during the quarter. Jump Financial LLC's holdings in Las Vegas Sands were worth $2,731,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Optiver Holding B.V. acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at $32,000. Center for Financial Planning Inc. acquired a new position in shares of Las Vegas Sands in the first quarter valued at approximately $42,000. Farther Finance Advisors LLC lifted its holdings in Las Vegas Sands by 133.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock worth $59,000 after purchasing an additional 856 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Las Vegas Sands in the 1st quarter valued at $127,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Las Vegas Sands by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator's stock worth $139,000 after buying an additional 1,822 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Trading Down 0.1%

NYSE LVS traded down $0.07 during trading hours on Friday, reaching $57.65. The company's stock had a trading volume of 3,245,367 shares, compared to its average volume of 3,894,294. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $58.05. The firm has a fifty day simple moving average of $50.80 and a 200-day simple moving average of $43.75. The stock has a market cap of $39.57 billion, a P/E ratio of 29.11, a P/E/G ratio of 2.18 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued 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 net margin of 12.16% and a return on equity of 55.37%. Las Vegas Sands's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. Equities analysts forecast 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. Stockholders of record on Tuesday, August 5th were given a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Las Vegas Sands's payout ratio is 50.51%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays raised their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Citigroup reiterated a "buy" rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Argus raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Monday, July 28th. Finally, Morgan Stanley upped their price target on shares of Las Vegas Sands from $47.00 to $50.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

About Las Vegas Sands

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.