Allworth Financial LP Has $507,000 Holdings in Las Vegas Sands Corp. $LVS

Allworth Financial LP boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 608.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,656 shares of the casino operator’s stock after buying an additional 10,010 shares during the quarter. Allworth Financial LP’s holdings in Las Vegas Sands were worth $507,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in Las Vegas Sands by 37.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after acquiring an additional 239 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Las Vegas Sands in the second quarter worth approximately $43,000. Hilltop National Bank acquired a new stake in Las Vegas Sands in the 2nd quarter valued at $44,000. UMB Bank n.a. grew its holdings in shares of Las Vegas Sands by 53.8% during the second quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock valued at $59,000 after buying an additional 476 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in Las Vegas Sands by 21.4% during the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock worth $61,000 after purchasing an additional 247 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Las Vegas Sands news, EVP D. Zachary Hudson sold 100,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $64.99, for a total transaction of $6,499,000.00. Following the transaction, the executive vice president directly owned 13,735 shares of the company’s stock, valued at approximately $892,637.65. The trade was a 87.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 360,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $63.05, for a total transaction of $22,698,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 2,100,000 shares of company stock valued at $126,218,200 in the last ninety days. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LVS has been the subject of several recent analyst reports. Macquarie upped their target price on shares of Las Vegas Sands from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Zacks Research raised shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Stifel Nicolaus upped their target price on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, UBS Group lifted their price target on Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.13.

Las Vegas Sands Price Performance

LVS stock opened at $65.37 on Monday. The firm has a 50 day simple moving average of $55.49 and a two-hundred day simple moving average of $50.05. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 1.21. The stock has a market cap of $44.20 billion, a PE ratio of 29.58, a P/E/G ratio of 1.62 and a beta of 1.03. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $67.83.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. On average, analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is currently 45.25%.

About Las Vegas Sands

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.