DJE Kapital AG Makes New $3.27 Million Investment in Las Vegas Sands Corp. $LVS

DJE Kapital AG purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 51,500 shares of the casino operator’s stock, valued at approximately $3,268,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ASO GROUP Ltd purchased a new stake in shares of Las Vegas Sands during the fourth quarter valued at $282,000. Aviva PLC grew its holdings in shares of Las Vegas Sands by 5.1% during the fourth quarter. Aviva PLC now owns 286,054 shares of the casino operator’s stock valued at $18,619,000 after buying an additional 13,770 shares during the last quarter. Investment Research Partners LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter valued at $209,000. Caerus Investment Advisors LLC grew its holdings in shares of Las Vegas Sands by 313.0% during the fourth quarter. Caerus Investment Advisors LLC now owns 16,923 shares of the casino operator’s stock valued at $1,102,000 after buying an additional 12,825 shares during the last quarter. Finally, Xponance LLC grew its holdings in shares of Las Vegas Sands by 1.0% during the fourth quarter. Xponance LLC now owns 74,700 shares of the casino operator’s stock valued at $4,862,000 after buying an additional 722 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Shares of LVS opened at $50.57 on Friday. The business’s 50-day moving average is $52.76 and its two-hundred day moving average is $57.45. The company has a market capitalization of $33.51 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.15 and a beta of 0.81. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. Las Vegas Sands Corp. has a fifty-two week low of $40.03 and a fifty-two week high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. Research analysts predict that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s payout ratio is currently 44.44%.

Insider Activity

In other news, CEO Patrick Dumont sold 60,165 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. This represents a 10.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Barclays boosted their price objective on shares of Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. UBS Group dropped their price objective on shares of Las Vegas Sands from $69.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Finally, Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average price target of $67.91.

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.