Parallel Advisors LLC Purchases 357 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Parallel Advisors LLC raised its position in shares of Las Vegas Sands Corp. (NYSE:LVSFree Report) by 54.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,008 shares of the casino operator’s stock after purchasing an additional 357 shares during the period. Parallel Advisors LLC’s holdings in Las Vegas Sands were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $27,000. Delos Wealth Advisors LLC purchased a new position in Las Vegas Sands during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC raised its holdings in shares of Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after purchasing an additional 409 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $39,000. Finally, Vestor Capital LLC bought a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $42,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands Price Performance

Shares of LVS opened at $45.02 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. The company’s fifty day moving average price is $47.27 and its 200-day moving average price is $49.26. Las Vegas Sands Corp. has a 1-year low of $42.99 and a 1-year high of $61.25. The firm has a market capitalization of $33.54 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13.

Las Vegas Sands (NYSE:LVSGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts predict that Las Vegas Sands Corp. will post 2.63 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.80 annualized dividend and a yield of 1.78%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Analyst Ratings Changes

A number of equities analysts recently commented on LVS shares. Stifel Nicolaus reduced their price objective on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group reduced their price target on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company dropped their price objective on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Citigroup boosted their target price on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.31.

View Our Latest Report on LVS

Las Vegas Sands Company Profile

(Free Report)

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.

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

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