XTX Topco Ltd Acquires 84,728 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Key Points

• XTX Topco Ltd increased its holdings in Las Vegas Sands Corp. by 229.8%, owning 121,593 shares valued at approximately $4.7 million as of the latest reporting period.
• Las Vegas Sands reported $0.79 earnings per share for the last quarter, exceeding analysts' expectations of $0.53, with a revenue of $3.18 billion, up 15% year-over-year.
• The company announced a quarterly dividend of $0.25, reflecting an annualized yield of 1.91%, with a dividend payout ratio of 50.51%.

XTX Topco Ltd grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 229.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,593 shares of the casino operator's stock after buying an additional 84,728 shares during the quarter. XTX Topco Ltd's holdings in Las Vegas Sands were worth $4,697,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new stake in Las Vegas Sands during the 4th quarter worth about $32,000. Brown Brothers Harriman & Co. bought a new stake in Las Vegas Sands during the 4th quarter worth about $36,000. Center for Financial Planning Inc. bought a new stake in Las Vegas Sands during the 1st quarter worth about $42,000. Huntington National Bank increased its stake in shares of Las Vegas Sands by 64.1% during the 4th quarter. Huntington National Bank now owns 1,142 shares of the casino operator's stock worth $59,000 after purchasing an additional 446 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of 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. 39.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LVS has been the topic of several recent analyst reports. Susquehanna lowered their price objective on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a research note on Monday, July 21st. Mizuho upped their price target 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. Hsbc Global Res upgraded shares of Las Vegas Sands to a "strong-buy" rating in a research note on Thursday, April 24th. Morgan Stanley upped their price target on shares of Las Vegas Sands from $45.00 to $47.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, UBS Group upped their price target on shares of Las Vegas Sands from $48.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $58.13.

Las Vegas Sands Trading Down 0.2%

NYSE LVS traded down $0.11 during mid-day trading on Friday, reaching $52.29. 5,585,751 shares of the stock were exchanged, compared to its average volume of 5,833,235. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.60. The stock has a 50 day simple moving average of $45.41 and a 200-day simple moving average of $42.26. The stock has a market cap of $35.89 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.06 and a beta of 1.03. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 0.59.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share 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 business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm earned $0.55 earnings per share. Las Vegas Sands's quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, August 5th. Las Vegas Sands's dividend payout ratio (DPR) is presently 50.51%.

Las Vegas Sands announced that its board has approved a share repurchase program on Wednesday, April 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the casino operator to purchase up to 8.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

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.