Traders Buy Shares of Las Vegas Sands (LVS) on Weakness

Traders bought shares of Las Vegas Sands Corp. (NYSE:LVS) on weakness during trading on Friday. $40.11 million flowed into the stock on the tick-up and $22.45 million flowed out of the stock on the tick-down, for a money net flow of $17.66 million into the stock. Of all equities tracked, Las Vegas Sands had the 23rd highest net in-flow for the day. Las Vegas Sands traded down ($0.56) for the day and closed at $69.74

A number of equities analysts recently commented on LVS shares. Gabelli raised their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Las Vegas Sands in a report on Sunday, September 3rd. Roth Capital started coverage on Las Vegas Sands in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 target price on the stock. Finally, Morgan Stanley raised their price target on Las Vegas Sands from $63.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $65.62.

The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. The stock has a market capitalization of $55,934.36, a price-to-earnings ratio of 26.32 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. sell-side analysts expect that Las Vegas Sands Corp. will post 2.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a $0.73 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.19%. Las Vegas Sands’s dividend payout ratio (DPR) is 110.19%.

In other news, Director George Jamieson bought 1,000 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the acquisition, the director now owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.10% of the company’s stock.

Several hedge funds have recently modified their holdings of LVS. Global X Management Co. LLC increased its holdings in shares of Las Vegas Sands by 8.3% in the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after purchasing an additional 126 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Las Vegas Sands by 49.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,059,707 shares of the casino operator’s stock worth $67,705,000 after acquiring an additional 350,884 shares in the last quarter. Boston Partners purchased a new position in Las Vegas Sands in the second quarter worth about $1,105,000. Tocqueville Asset Management L.P. purchased a new position in Las Vegas Sands in the second quarter worth about $347,000. Finally, Victory Capital Management Inc. grew its position in Las Vegas Sands by 8.1% in the second quarter. Victory Capital Management Inc. now owns 159,205 shares of the casino operator’s stock worth $10,172,000 after acquiring an additional 11,862 shares in the last quarter. 37.37% of the stock is currently owned by hedge funds and other institutional investors.

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Las Vegas Sands Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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