Vanguard Group Inc. Lowers Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Vanguard Group Inc. trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 31,535,785 shares of the casino operator’s stock after selling 129,740 shares during the period. Vanguard Group Inc. owned approximately 4.13% of Las Vegas Sands worth $1,183,223,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LVS. Trustcore Financial Services LLC lifted its holdings in shares of Las Vegas Sands by 242.7% during the third quarter. Trustcore Financial Services LLC now owns 706 shares of the casino operator’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Las Vegas Sands in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in Las Vegas Sands by 42.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,076 shares of the casino operator’s stock worth $40,000 after acquiring an additional 319 shares during the last quarter. Cowa LLC purchased a new position in Las Vegas Sands in the 3rd quarter worth approximately $49,000. Finally, Ronald Blue Trust Inc. purchased a new position in Las Vegas Sands in the 2nd quarter worth approximately $53,000. 39.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LVS shares. Barclays boosted their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, January 24th. StockNews.com raised shares of Las Vegas Sands from a “sell” rating to a “hold” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of Las Vegas Sands from $55.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. TheStreet raised shares of Las Vegas Sands from a “d+” rating to a “c-” rating in a research report on Monday, February 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Las Vegas Sands from $56.00 to $69.00 in a research report on Thursday, January 26th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.83.

Las Vegas Sands Trading Down 0.5 %

Shares of LVS stock opened at $56.21 on Monday. Las Vegas Sands Corp. has a 1 year low of $28.88 and a 1 year high of $60.99. The firm has a fifty day moving average price of $56.12 and a 200-day moving average price of $46.40. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.73 and a quick ratio of 1.72. The company has a market cap of $42.96 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 15.99 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS – Get Rating) last issued its earnings results on Wednesday, January 25th. The casino operator reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.18 billion. Las Vegas Sands had a negative return on equity of 22.49% and a net margin of 44.57%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) EPS. As a group, equities analysts predict that Las Vegas Sands Corp. will post 1.41 earnings per share for the current year.

About Las Vegas Sands

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Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao.