HB Wealth Management LLC grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,396 shares of the casino operator’s stock after purchasing an additional 701 shares during the quarter. HB Wealth Management LLC’s holdings in Las Vegas Sands were worth $277,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LVS. Janus Henderson Group PLC boosted its stake in Las Vegas Sands by 159.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Las Vegas Sands by 987.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after acquiring an additional 5,039,072 shares during the last quarter. ARGA Investment Management LP boosted its position in shares of Las Vegas Sands by 24.8% during the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock valued at $247,891,000 after acquiring an additional 977,636 shares during the last quarter. Suvretta Capital Management LLC acquired a new position in shares of Las Vegas Sands during the 3rd quarter valued at about $24,370,000. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Las Vegas Sands during the 2nd quarter valued at about $18,833,000. Institutional investors and hedge funds own 39.16% of the company’s stock.
Las Vegas Sands Stock Performance
Shares of Las Vegas Sands stock opened at $43.46 on Friday. The firm has a market capitalization of $31.51 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.00 and a beta of 1.09. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. 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 firm’s 50 day moving average is $50.39 and its two-hundred day moving average is $46.62.
Insider Activity
In related news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Goldstein sold 119,221 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the sale, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This represents a 58.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 203,732 shares of company stock valued at $10,861,707. 0.91% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on LVS. UBS Group boosted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Susquehanna upped their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $51.00 target price (down previously from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Stifel Nicolaus upped their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.92.
Check Out Our Latest Stock Analysis on Las Vegas Sands
About Las Vegas Sands
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.
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