Las Vegas Sands Corp. $LVS Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 46.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,608 shares of the casino operator’s stock after buying an additional 12,191 shares during the period. NEOS Investment Management LLC’s holdings in Las Vegas Sands were worth $2,077,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LVS. Zweig DiMenna Associates LLC purchased a new position in Las Vegas Sands in the third quarter valued at approximately $11,430,000. Rothschild Investment LLC boosted its stake in Las Vegas Sands by 46.6% in the third quarter. Rothschild Investment LLC now owns 1,192 shares of the casino operator’s stock valued at $64,000 after acquiring an additional 379 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Las Vegas Sands by 33.6% during the third quarter. Merit Financial Group LLC now owns 17,071 shares of the casino operator’s stock worth $918,000 after purchasing an additional 4,294 shares during the last quarter. denkapparat Operations GmbH increased its position in shares of Las Vegas Sands by 21.7% during the third quarter. denkapparat Operations GmbH now owns 12,982 shares of the casino operator’s stock worth $698,000 after purchasing an additional 2,318 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Las Vegas Sands by 1.8% during the third quarter. Fifth Third Bancorp now owns 22,366 shares of the casino operator’s stock worth $1,203,000 after purchasing an additional 397 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LVS has been the subject of a number of research reports. UBS Group boosted their price objective on Las Vegas Sands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $78.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Las Vegas Sands from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. The Goldman Sachs Group dropped their target price on Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, Morgan Stanley set a $66.00 price target on Las Vegas Sands in a research note on Wednesday, February 11th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.55.

Insider Activity at Las Vegas Sands

In other news, COO Patrick Dumont sold 210,305 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $69.96, for a total value of $14,712,937.80. Following the completion of the transaction, the chief operating officer directly owned 446,608 shares of the company’s stock, valued at $31,244,695.68. The trade was a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Miriam Adelson sold 77,991 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $67.56, for a total value of $5,269,071.96. Following the completion of the sale, the insider owned 23,333,441 shares in the company, valued at $1,576,407,273.96. This represents a 0.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,082,053 shares of company stock valued at $207,130,199 in the last ninety days. 1.20% of the stock is owned by insiders.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $57.97 on Friday. The business’s 50 day simple moving average is $60.93 and its 200-day simple moving average is $58.76. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market capitalization of $38.95 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.48 and a beta of 0.93. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $70.45.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 EPS for the quarter, topping the consensus estimate of $0.77 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Monday, February 9th were paid a dividend of $0.30 per share. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. Las Vegas Sands’s dividend payout ratio is 51.28%.

Las Vegas Sands Company 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.