Las Vegas Sands Corp. (NYSE:LVS) Position Lifted by Meitav Dash Investments Ltd.

Meitav Dash Investments Ltd. raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVSGet Rating) by 16.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,979 shares of the casino operator’s stock after acquiring an additional 19,535 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Las Vegas Sands were worth $5,402,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Capital World Investors lifted its position in shares of Las Vegas Sands by 74.1% in the 4th quarter. Capital World Investors now owns 34,255,198 shares of the casino operator’s stock worth $1,289,366,000 after buying an additional 14,576,547 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Las Vegas Sands by 708.9% in 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 buying an additional 1,503,557 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Las Vegas Sands by 15.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,835,528 shares of the casino operator’s stock worth $332,570,000 after buying an additional 1,202,622 shares during the last quarter. Korea Investment CORP lifted its position in shares of Las Vegas Sands by 832.4% in the 4th quarter. Korea Investment CORP now owns 1,019,100 shares of the casino operator’s stock worth $38,359,000 after buying an additional 909,800 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Las Vegas Sands by 138.0% in the 4th quarter. Bank of Montreal Can now owns 1,167,495 shares of the casino operator’s stock worth $44,950,000 after buying an additional 677,003 shares during the last quarter. 34.33% of the stock is currently owned by institutional investors.

Las Vegas Sands Trading Down 2.4 %

Las Vegas Sands stock opened at $38.37 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 3.35 and a quick ratio of 3.33. The company has a market capitalization of $29.32 billion, a price-to-earnings ratio of 16.83 and a beta of 1.25. Las Vegas Sands Corp. has a one year low of $28.88 and a one year high of $48.27. The company’s fifty day moving average price is $35.08 and its two-hundred day moving average price is $37.68.

Las Vegas Sands (NYSE:LVSGet Rating) last posted its earnings results on Wednesday, July 20th. The casino operator reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.05). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $949.40 million. Las Vegas Sands had a negative return on equity of 31.93% and a net margin of 45.39%. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.26) earnings per share. On average, analysts forecast that Las Vegas Sands Corp. will post -1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Las Vegas Sands to a “sell” rating in a research note on Tuesday, May 10th. Wells Fargo & Company raised Las Vegas Sands from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $45.00 in a report on Thursday, July 21st. Stifel Nicolaus increased their price objective on Las Vegas Sands from $46.00 to $50.00 in a report on Thursday, July 21st. Barclays increased their price objective on Las Vegas Sands from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, July 21st. Finally, Morgan Stanley decreased their price objective on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $48.38.

About Las Vegas Sands

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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.

Further Reading

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

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