OVERSEA CHINESE BANKING Corp Ltd Increases Position in Las Vegas Sands Corp. (NYSE:LVS)

OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 145.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,558 shares of the casino operator’s stock after buying an additional 36,498 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Las Vegas Sands were worth $2,979,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Entropy Technologies LP grew its position in Las Vegas Sands by 619.5% in the 3rd quarter. Entropy Technologies LP now owns 42,803 shares of the casino operator’s stock valued at $2,155,000 after acquiring an additional 36,854 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands during the third quarter valued at $34,000. River Global Investors LLP boosted its stake in shares of Las Vegas Sands by 4.1% during the third quarter. River Global Investors LLP now owns 38,180 shares of the casino operator’s stock valued at $1,922,000 after purchasing an additional 1,491 shares during the period. Covestor Ltd grew its holdings in shares of Las Vegas Sands by 34.7% in the third quarter. Covestor Ltd now owns 1,482 shares of the casino operator’s stock worth $74,000 after purchasing an additional 382 shares during the last quarter. Finally, XML Financial LLC purchased a new position in Las Vegas Sands in the 3rd quarter worth about $202,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on LVS. Mizuho boosted their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Macquarie dropped their price objective on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company upped their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, UBS Group raised their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $49.30 on Wednesday. The company has a market cap of $35.74 billion, a P/E ratio of 24.41, a PEG ratio of 1.33 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The stock’s 50-day moving average is $47.98 and its 200 day moving average is $44.63. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. Research analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the sale, the chief executive officer now owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert G. Goldstein sold 119,221 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Company Profile

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.