Prospera Financial Services Inc Purchases New Position in Las Vegas Sands Corp. $LVS

Prospera Financial Services Inc acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 11,153 shares of the casino operator’s stock, valued at approximately $485,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LVS. MassMutual Private Wealth & Trust FSB grew its position in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after buying an additional 239 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Las Vegas Sands during the 2nd quarter worth about $43,000. Hilltop National Bank purchased a new position in Las Vegas Sands during the 2nd quarter valued at about $44,000. UMB Bank n.a. raised its holdings in shares of Las Vegas Sands by 53.8% in the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock valued at $59,000 after purchasing an additional 476 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Las Vegas Sands by 21.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock worth $61,000 after purchasing an additional 247 shares during the period. 39.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 700,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $58.88, for a total value of $41,216,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP D. Zachary Hudson sold 100,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $64.99, for a total value of $6,499,000.00. Following the completion of the transaction, the executive vice president owned 13,735 shares of the company’s stock, valued at $892,637.65. This trade represents a 87.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,100,000 shares of company stock worth $126,218,200 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LVS shares. Macquarie lifted their price objective on shares of Las Vegas Sands from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. UBS Group lifted their price target on Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Morgan Stanley boosted their price target on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Bank of America raised their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Las Vegas Sands from $57.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.13.

Las Vegas Sands Stock Down 0.4%

Las Vegas Sands stock opened at $65.37 on Friday. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $67.83. The business has a fifty day moving average price of $55.49 and a 200-day moving average price of $49.86. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 1.21. The stock has a market capitalization of $44.20 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.62 and a beta of 1.03.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 4th. Las Vegas Sands’s payout ratio is currently 45.25%.

Las Vegas Sands 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.