Donoghue Forlines LLC Purchases New Stake in Las Vegas Sands Corp. (NYSE:LVS)

Donoghue Forlines LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 39,238 shares of the casino operator’s stock, valued at approximately $2,015,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in Las Vegas Sands by 1.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,181 shares of the casino operator’s stock worth $985,000 after purchasing an additional 341 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Las Vegas Sands by 9.2% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 876,500 shares of the casino operator’s stock worth $45,017,000 after buying an additional 73,511 shares during the last quarter. UMB Bank n.a. grew its position in shares of Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after acquiring an additional 247 shares in the last quarter. HB Wealth Management LLC grew its position in shares of Las Vegas Sands by 14.9% in the 4th quarter. HB Wealth Management LLC now owns 5,396 shares of the casino operator’s stock worth $277,000 after acquiring an additional 701 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $291,000. Institutional investors own 39.16% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,732 shares of company stock worth $10,861,707. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LVS shares. Barclays raised their price objective on Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Susquehanna raised their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Mizuho raised their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, UBS Group upped their target price on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.92.

Las Vegas Sands Stock Down 0.4 %

Shares of Las Vegas Sands stock opened at $43.82 on Thursday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.60. The company has a market capitalization of $31.77 billion, a P/E ratio of 21.64, a PEG ratio of 1.03 and a beta of 1.09. The business’s fifty day moving average price is $50.49 and its two-hundred day moving average price is $46.64. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. As a group, research analysts forecast that Las Vegas Sands Corp. will post 2.36 EPS for the current year.

Las Vegas Sands 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.