Las Vegas Sands Corp. $LVS Shares Acquired by Westpac Banking Corp

Westpac Banking Corp lifted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 38.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,625 shares of the casino operator’s stock after purchasing an additional 19,604 shares during the period. Westpac Banking Corp’s holdings in Las Vegas Sands were worth $3,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares in the last quarter. Woodline Partners LP raised its holdings in Las Vegas Sands by 38.9% in the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after acquiring an additional 8,132 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Las Vegas Sands by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after acquiring an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Las Vegas Sands during the 2nd quarter worth approximately $414,000. Finally, Cerity Partners LLC increased its position in shares of Las Vegas Sands by 70.0% in the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after purchasing an additional 7,243 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $45.43 on Wednesday. The stock has a fifty day moving average price of $48.55 and a 200 day moving average price of $53.54. Las Vegas Sands Corp. has a 1-year low of $44.22 and a 1-year high of $70.45. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market cap of $30.10 billion, a PE ratio of 16.82, a P/E/G ratio of 1.04 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.15. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. Las Vegas Sands’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. Sell-side analysts forecast that Las Vegas Sands Corp. will post 3.37 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. dropped their target price on Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Mizuho raised their price target on Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.31.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.