Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Kestra Advisory Services LLC
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Kestra Advisory Services LLC trimmed its position in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 81.6% in the first quarter, Holdings Channel.com reports. The firm owned 18,151 shares of the casino operator’s stock after selling 80,412 shares during the period. Kestra Advisory Services LLC’s holdings in Las Vegas Sands were worth $706,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in LVS. Chartwell Investment Partners LLC grew its holdings in Las Vegas Sands by 34.4% during the 1st quarter. Chartwell Investment Partners LLC now owns 325,406 shares of the casino operator’s stock worth $12,648,000 after acquiring an additional 83,275 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Las Vegas Sands by 11.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 80,368 shares of the casino operator’s stock worth $3,125,000 after acquiring an additional 8,523 shares in the last quarter. Tobam grew its holdings in Las Vegas Sands by 136.5% during the 1st quarter. Tobam now owns 445,863 shares of the casino operator’s stock worth $17,331,000 after acquiring an additional 257,364 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Las Vegas Sands by 708.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 1,715,651 shares of the casino operator’s stock worth $66,687,000 after acquiring an additional 1,503,557 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in Las Vegas Sands by 35.4% during the 1st quarter. Truist Financial Corp now owns 23,805 shares of the casino operator’s stock worth $925,000 after acquiring an additional 6,229 shares in the last quarter. 34.33% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on LVS shares. JPMorgan Chase & Co. decreased their price objective on shares of Las Vegas Sands from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. UBS Group set a $42.00 price objective on shares of Las Vegas Sands in a report on Monday, June 20th. Citigroup reduced their price target on shares of Las Vegas Sands from $57.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Morgan Stanley reduced their price target on shares of Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Las Vegas Sands from $53.00 to $50.00 in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.46.
Las Vegas Sands Trading Up 2.5 %
NYSE:LVS opened at $35.53 on Wednesday. The company has a market cap of $27.15 billion, a PE ratio of 14.74 and a beta of 1.24. The company’s 50-day moving average price is $33.64 and its 200 day moving average price is $37.74. Las Vegas Sands Corp. has a fifty-two week low of $28.88 and a fifty-two week high of $49.63. The company has a quick ratio of 3.13, a current ratio of 3.14 and a debt-to-equity ratio of 3.19.Las Vegas Sands (NYSE:LVS – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $943.00 million during the quarter, compared to the consensus estimate of $1.13 billion. Las Vegas Sands had a net margin of 46.40% and a negative return on equity of 33.07%. The company’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.25) earnings per share. Sell-side analysts anticipate that Las Vegas Sands Corp. will post -0.73 earnings per share for the current year.
Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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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