12,509 Shares in Las Vegas Sands Corp. $LVS Purchased by Allstate Corp

Allstate Corp acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,509 shares of the casino operator’s stock, valued at approximately $673,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC purchased a new stake in shares of Las Vegas Sands in the third quarter worth $247,000. Wealth Enhancement Advisory Services LLC grew its position in Las Vegas Sands by 58.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 49,336 shares of the casino operator’s stock worth $2,556,000 after buying an additional 18,122 shares in the last quarter. Donoghue Forlines LLC bought a new position in Las Vegas Sands in the 3rd quarter worth about $2,143,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Las Vegas Sands in the 3rd quarter valued at about $227,000. Finally, Alliance Wealth Management Group purchased a new stake in shares of Las Vegas Sands in the 3rd quarter valued at about $207,000. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 1,198,650 shares of Las Vegas Sands stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Patrick Dumont sold 210,305 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $69.96, for a total transaction of $14,712,937.80. Following the sale, the chief operating officer owned 446,608 shares of the company’s stock, valued at $31,244,695.68. This represents a 32.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 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.

Analyst Ratings Changes

Several research analysts recently weighed in on LVS shares. Wall Street Zen upgraded shares of Las Vegas Sands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Seaport Research Partners cut their price target on shares of Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Zacks Research lowered shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. UBS Group lifted their price objective on shares of Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Finally, Susquehanna upped their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. One research 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. According to MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and an average target price of $69.05.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $59.86 on Friday. 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 $40.47 billion, a PE ratio of 27.09, a PEG ratio of 1.45 and a beta of 0.97. The company’s fifty day moving average is $64.64 and its 200 day moving average is $57.71. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $70.45.

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

Las Vegas Sands Company Profile

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.