abrdn plc Has $19.43 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

abrdn plc boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 24.7% in the fourth quarter, HoldingsChannel reports. The firm owned 394,849 shares of the casino operator’s stock after acquiring an additional 78,136 shares during the period. abrdn plc’s holdings in Las Vegas Sands were worth $19,431,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Las Vegas Sands by 12.9% in the third quarter. CWM LLC now owns 7,234 shares of the casino operator’s stock worth $332,000 after acquiring an additional 829 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Las Vegas Sands by 93.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 7,218 shares of the casino operator’s stock worth $331,000 after buying an additional 3,488 shares in the last quarter. Oak Thistle LLC bought a new position in Las Vegas Sands in the 3rd quarter valued at $475,000. Czech National Bank increased its stake in shares of Las Vegas Sands by 47.7% in the 3rd quarter. Czech National Bank now owns 57,452 shares of the casino operator’s stock valued at $2,634,000 after buying an additional 18,555 shares during the period. Finally, Solidarity Wealth LLC raised its position in shares of Las Vegas Sands by 12.7% during the third quarter. Solidarity Wealth LLC now owns 30,914 shares of the casino operator’s stock worth $1,417,000 after acquiring an additional 3,489 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $45.84 on Thursday. The firm has a market cap of $34.15 billion, a P/E ratio of 22.14, a PEG ratio of 0.85 and a beta of 1.16. Las Vegas Sands Corp. has a twelve month low of $43.77 and a twelve month high of $65.58. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50 day moving average price is $51.57 and its two-hundred day moving average price is $49.66.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.62 by $0.13. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The firm’s revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. On average, analysts forecast that Las Vegas Sands Corp. will post 2.65 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. Las Vegas Sands’s payout ratio is presently 38.65%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LVS. Wells Fargo & Company lowered their price objective on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Barclays dropped their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, Stifel Nicolaus reduced their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.46.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Company 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.