Envestnet Asset Management Inc. Increases Position in Las Vegas Sands Corp. (NYSE:LVS)

Envestnet Asset Management Inc. raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,297 shares of the casino operator's stock after purchasing an additional 20,080 shares during the period. Envestnet Asset Management Inc.'s holdings in Las Vegas Sands were worth $6,772,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. grew its holdings in Las Vegas Sands by 10.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,023 shares of the casino operator's stock worth $258,000 after acquiring an additional 474 shares during the period. Mizuho Securities USA LLC grew its holdings in Las Vegas Sands by 43.9% during the 4th quarter. Mizuho Securities USA LLC now owns 32,984 shares of the casino operator's stock worth $1,694,000 after acquiring an additional 10,063 shares during the period. American Century Companies Inc. grew its holdings in Las Vegas Sands by 36.5% during the 4th quarter. American Century Companies Inc. now owns 335,010 shares of the casino operator's stock worth $17,206,000 after acquiring an additional 89,508 shares during the period. LPL Financial LLC grew its stake in shares of Las Vegas Sands by 28.8% in the 4th quarter. LPL Financial LLC now owns 223,371 shares of the casino operator's stock valued at $11,472,000 after buying an additional 49,982 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Las Vegas Sands by 11.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 575,663 shares of the casino operator's stock valued at $29,025,000 after buying an additional 59,675 shares during the period. 39.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group raised their target price on Las Vegas Sands from $43.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Mizuho lifted their price target on Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday. Susquehanna dropped their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a research report on Monday, July 21st. Finally, Barclays lifted their target price 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. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.50.

Las Vegas Sands Price Performance

Shares of LVS traded up $1.62 during mid-day trading on Friday, reaching $52.41. 6,936,695 shares of the stock traded hands, compared to its average volume of 5,107,893. The firm has a fifty day moving average price of $44.48 and a 200 day moving average price of $42.09. The company has a market cap of $37.03 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.03. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.58. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $56.60.

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, beating 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 51.16%. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the business earned $0.55 EPS. The business's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, August 5th. Las Vegas Sands's dividend payout ratio is presently 50.51%.

Las Vegas Sands declared that its Board of Directors has approved a stock repurchase plan on Wednesday, April 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the casino operator to purchase up to 8.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

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.