Neuberger Berman Group LLC lifted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 214.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 667,096 shares of the casino operator’s stock after purchasing an additional 455,025 shares during the period. Neuberger Berman Group LLC owned 0.08% of Las Vegas Sands worth $48,015,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC boosted its holdings in shares of Las Vegas Sands by 6.7% during the first quarter. Aperio Group LLC now owns 116,472 shares of the casino operator’s stock worth $8,374,000 after purchasing an additional 7,293 shares during the period. Strategic Wealth Advisors Group LLC purchased a new stake in Las Vegas Sands in the first quarter worth about $1,231,000. ETRADE Capital Management LLC lifted its holdings in Las Vegas Sands by 72.7% in the first quarter. ETRADE Capital Management LLC now owns 10,622 shares of the casino operator’s stock worth $764,000 after buying an additional 4,471 shares during the period. Synovus Financial Corp purchased a new stake in Las Vegas Sands in the first quarter worth about $152,000. Finally, Montag A & Associates Inc. purchased a new stake in Las Vegas Sands in the first quarter worth about $3,631,000. Institutional investors own 37.53% of the company’s stock.
In other news, COO Robert G. Goldstein sold 39,155 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $76.00, for a total transaction of $2,975,780.00. Following the completion of the transaction, the chief operating officer now directly owns 39,155 shares in the company, valued at $2,975,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.20% of the stock is currently owned by company insiders.
Several brokerages have commented on LVS. Bank of America raised their price objective on shares of Las Vegas Sands from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus restated a “buy” rating and issued a $88.00 price objective (up from $76.00) on shares of Las Vegas Sands in a report on Thursday, January 25th. Barclays raised their price objective on shares of Las Vegas Sands to $85.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. JPMorgan Chase raised their price objective on shares of Las Vegas Sands from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, Jefferies Group restated a “hold” rating on shares of Las Vegas Sands in a report on Thursday, January 25th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $74.26.
Las Vegas Sands opened at $79.26 on Tuesday, Marketbeat Ratings reports. Las Vegas Sands Corp. has a 52-week low of $57.25 and a 52-week high of $79.84. The company has a market cap of $61.49 billion, a PE ratio of 26.07 and a beta of 1.66. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 1.14.
Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, April 25th. The casino operator reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.19. Las Vegas Sands had a net margin of 28.32% and a return on equity of 36.43%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. sell-side analysts predict that Las Vegas Sands Corp. will post 3.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Wednesday, June 20th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $3.00 annualized dividend and a dividend yield of 3.79%. Las Vegas Sands’s payout ratio is 98.68%.
Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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