Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,029 shares of the casino operator’s stock after purchasing an additional 685 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Las Vegas Sands were worth $234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mizuho Securities Co. Ltd. acquired a new stake in shares of Las Vegas Sands during the 1st quarter valued at approximately $39,000. Hudock Inc. boosted its position in Las Vegas Sands by 89.9% during the first quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock worth $41,000 after purchasing an additional 500 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Las Vegas Sands by 43.0% in the first quarter. Clearstead Advisors LLC now owns 1,527 shares of the casino operator’s stock valued at $59,000 after purchasing an additional 459 shares during the last quarter. Tyler Stone Wealth Management acquired a new stake in Las Vegas Sands in the fourth quarter valued at $58,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Las Vegas Sands in the first quarter valued at $60,000. Institutional investors and hedge funds own 39.84% of the company’s stock.

Las Vegas Sands Price Performance

LVS stock opened at $36.62 on Thursday. The company has a market cap of $27.98 billion, a PE ratio of 16.06 and a beta of 1.23. The company has a current ratio of 3.35, a quick ratio of 3.33 and a debt-to-equity ratio of 3.63. The stock has a 50-day moving average price of $37.63 and a two-hundred day moving average price of $36.07. Las Vegas Sands Corp. has a 12-month low of $28.88 and a 12-month high of $48.27.

Las Vegas Sands (NYSE:LVSGet Rating) last issued its earnings results on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $949.40 million. Las Vegas Sands had a negative return on equity of 31.93% and a net margin of 45.39%. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.26) EPS. As a group, research analysts predict that Las Vegas Sands Corp. will post -1.1 EPS for the current year.

Wall Street Analyst Weigh In

LVS has been the subject of several recent research reports. Stifel Nicolaus raised their target price on shares of Las Vegas Sands from $46.00 to $50.00 in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $53.00 to $50.00 in a research report on Tuesday, July 19th. Wells Fargo & Company upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $43.00 to $45.00 in a research report on Thursday, July 21st. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $42.00 to $44.00 in a research report on Thursday, July 21st. Finally, Citigroup upped their target price on shares of Las Vegas Sands from $56.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.38.

Las Vegas Sands Company Profile

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Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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