Las Vegas Sands Corp. $LVS Shares Bought by Horizon Investments LLC

Horizon Investments LLC boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 103.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,977 shares of the casino operator's stock after acquiring an additional 32,494 shares during the quarter. Horizon Investments LLC's holdings in Las Vegas Sands were worth $4,164,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator's stock valued at $1,207,000 after buying an additional 2,418 shares in the last quarter. Woodline Partners LP grew its stake in shares of Las Vegas Sands by 38.9% in the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator's stock valued at $1,122,000 after buying an additional 8,132 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Las Vegas Sands by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator's stock valued at $93,000 after buying an additional 1,027 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Las Vegas Sands in the second quarter valued at $414,000. Finally, Cerity Partners LLC grew its stake in shares of Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator's stock valued at $766,000 after buying an additional 7,243 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares of the company's stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by company insiders.

Las Vegas Sands Trading Up 0.1%

LVS opened at $53.85 on Monday. Las Vegas Sands Corp. has a 12 month low of $37.24 and a 12 month high of $70.45. The stock has a market capitalization of $35.68 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.23 and a beta of 0.85. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The business has a fifty day moving average price of $54.66 and a 200 day moving average price of $59.15.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.15. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.Las Vegas Sands's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. Sell-side analysts expect that Las Vegas Sands Corp. will post 3.35 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 5th. Las Vegas Sands's payout ratio is 44.44%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LVS. Mizuho lifted their price objective on Las Vegas Sands from $65.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Jefferies Financial Group lifted their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the company a "hold" rating in a research note on Thursday, April 23rd. Wall Street Zen cut Las Vegas Sands from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 14th. HSBC lifted their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Finally, Argus dropped their price objective on Las Vegas Sands from $80.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $68.28.

About Las Vegas Sands

Las Vegas Sands NYSE: LVS is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company's operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company's portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

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