Free Trial

Westbourne Investments Inc. Makes New $435,000 Investment in Las Vegas Sands Corp. $LVS

Las Vegas Sands logo with Consumer Discretionary background

Key Points

  • Westbourne Investments Inc. acquired 10,000 shares of Las Vegas Sands Corp. during the second quarter, valued at approximately $435,000.
  • The company reported earnings per share of $0.79 for the last quarter, exceeding analyst estimates, and achieved revenue growth of 15% year-over-year.
  • Analysts have mixed recommendations on Las Vegas Sands, with a consensus rating of "Moderate Buy" and an average price target of $59.47.
  • Five stocks to consider instead of Las Vegas Sands.

Westbourne Investments Inc. bought a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the casino operator's stock, valued at approximately $435,000.

Several other institutional investors have also recently added to or reduced their stakes in LVS. Cetera Investment Advisers raised its stake in Las Vegas Sands by 14.3% in the 4th quarter. Cetera Investment Advisers now owns 24,757 shares of the casino operator's stock valued at $1,272,000 after purchasing an additional 3,101 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Las Vegas Sands by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,833 shares of the casino operator's stock valued at $1,481,000 after purchasing an additional 1,120 shares during the last quarter. Man Group plc acquired a new position in Las Vegas Sands in the 4th quarter valued at about $2,969,000. ProShare Advisors LLC grew its holdings in Las Vegas Sands by 3.4% in the 4th quarter. ProShare Advisors LLC now owns 50,558 shares of the casino operator's stock valued at $2,597,000 after buying an additional 1,657 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in Las Vegas Sands by 7.6% in the 4th quarter. Rafferty Asset Management LLC now owns 35,457 shares of the casino operator's stock valued at $1,821,000 after buying an additional 2,518 shares during the period. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Stock Up 1.1%

Shares of Las Vegas Sands stock traded up $0.60 on Friday, hitting $53.81. 15,691,077 shares of the company's stock traded hands, compared to its average volume of 4,686,739. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. The stock has a market cap of $36.94 billion, a P/E ratio of 27.18, a PEG ratio of 1.96 and a beta of 1.04. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $58.05. The firm's 50-day moving average is $53.14 and its 200 day moving average is $44.79.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.26. The business 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%.The business's revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. Equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LVS. Mizuho lifted their price target on Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. The Goldman Sachs Group began coverage on Las Vegas Sands in a report on Monday, July 7th. They issued a "neutral" rating and a $52.00 price target for the company. Citigroup restated a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, Barclays lifted their price target on Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.47.

Check Out Our Latest Report on LVS

Las Vegas Sands Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

Should You Invest $1,000 in Las Vegas Sands Right Now?

Before you consider Las Vegas Sands, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.

While Las Vegas Sands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.