Mizuho Markets Americas LLC Invests $4.31 Million in Las Vegas Sands Corp. (NYSE:LVS)

Mizuho Markets Americas LLC bought a new position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 87,495 shares of the casino operator's stock, valued at approximately $4,306,000.

A number of other hedge funds also recently bought and sold shares of the business. Waldron Private Wealth LLC grew its stake in shares of Las Vegas Sands by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator's stock worth $608,000 after buying an additional 232 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of Las Vegas Sands by 0.7% in the third quarter. New York Life Investment Management LLC now owns 47,237 shares of the casino operator's stock worth $2,165,000 after acquiring an additional 306 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Las Vegas Sands by 1.4% during the third quarter. M&T Bank Corp now owns 29,896 shares of the casino operator's stock valued at $1,370,000 after acquiring an additional 400 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator's stock worth $34,000 after purchasing an additional 409 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in Las Vegas Sands by 6.0% in the 4th quarter. Apollon Wealth Management LLC now owns 7,442 shares of the casino operator's stock worth $366,000 after purchasing an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the sale, the chief executive officer now owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.91% of the company's stock.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock traded up $0.41 during trading hours on Friday, reaching $47.03. 8,169,628 shares of the stock traded hands, compared to its average volume of 5,489,051. The company has a 50 day moving average price of $49.25 and a 200 day moving average price of $49.66. Las Vegas Sands Corp. has a one year low of $43.77 and a one year high of $61.25. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $35.04 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 0.87 and a beta of 1.18.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. On average, equities research analysts expect that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands's dividend payout ratio is presently 38.65%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Las Vegas Sands from $54.00 to $53.00 and set a "hold" rating for the company in a research note on Thursday, April 18th. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, April 9th. Citigroup increased their target price on Las Vegas Sands from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. reduced their target price on Las Vegas Sands from $59.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, April 18th. Finally, StockNews.com raised Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.46.

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.

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