39,847 Shares in Las Vegas Sands Corp. $LVS Purchased by Donoghue Forlines LLC

Donoghue Forlines LLC bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,847 shares of the casino operator’s stock, valued at approximately $2,143,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LVS. Pallas Capital Advisors LLC bought a new stake in Las Vegas Sands in the 2nd quarter valued at $908,000. Maple Rock Capital Partners Inc. raised its stake in shares of Las Vegas Sands by 124.4% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,003,880 shares of the casino operator’s stock valued at $43,679,000 after purchasing an additional 556,440 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Las Vegas Sands by 7.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 644,286 shares of the casino operator’s stock valued at $28,033,000 after purchasing an additional 42,598 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Las Vegas Sands during the second quarter worth about $1,254,000. Finally, CWM LLC grew its holdings in shares of Las Vegas Sands by 78.0% during the third quarter. CWM LLC now owns 102,576 shares of the casino operator’s stock worth $5,518,000 after buying an additional 44,940 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insider Activity at Las Vegas Sands

In other news, COO Patrick Dumont sold 210,305 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $69.96, for a total transaction of $14,712,937.80. Following the sale, the chief operating officer directly owned 446,608 shares of the company’s stock, valued at approximately $31,244,695.68. This represents a 32.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,182,053 shares of company stock worth $333,348,399 over the last ninety days. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Las Vegas Sands from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group upgraded shares of Las Vegas Sands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.00 to $80.00 in a report on Monday, December 15th. Stifel Nicolaus raised their target price on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Citigroup boosted their price target on shares of Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Mizuho increased their price objective on shares of Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.05.

Las Vegas Sands Trading Down 2.8%

Shares of NYSE:LVS opened at $58.93 on Friday. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $70.45. The business has a 50 day moving average of $65.21 and a 200-day moving average of $57.46. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The stock has a market cap of $39.84 billion, a PE ratio of 26.67, a P/E/G ratio of 1.43 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.16. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 EPS. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Las Vegas Sands’s payout ratio is currently 45.25%.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.