Oppenheimer & Co. Inc. Buys Shares of 6,274 Las Vegas Sands Corp. (NYSE:LVS)

Oppenheimer & Co. Inc. acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, HoldingsChannel reports. The fund acquired 6,274 shares of the casino operator’s stock, valued at approximately $316,000.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Las Vegas Sands by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 159,301 shares of the casino operator’s stock worth $8,019,000 after purchasing an additional 8,896 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Las Vegas Sands by 2,363.5% in the 3rd quarter. Rakuten Securities Inc. now owns 2,094 shares of the casino operator’s stock valued at $105,000 after buying an additional 2,009 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Las Vegas Sands by 145.6% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 61,558 shares of the casino operator’s stock worth $2,979,000 after buying an additional 36,498 shares during the last quarter. Entropy Technologies LP raised its stake in shares of Las Vegas Sands by 619.5% during the 3rd quarter. Entropy Technologies LP now owns 42,803 shares of the casino operator’s stock worth $2,155,000 after acquiring an additional 36,854 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in Las Vegas Sands during the third quarter valued at approximately $34,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands Stock Up 0.4 %

Shares of LVS opened at $50.12 on Friday. The stock’s 50-day moving average price is $49.53 and its 200-day moving average price is $44.84. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $36.34 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.30 and a beta of 1.11. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the business earned $0.55 EPS. Las Vegas Sands’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Las Vegas Sands Company Profile

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.