Las Vegas Sands Corp. $LVS Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 46.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,608 shares of the casino operator’s stock after buying an additional 12,191 shares during the quarter. NEOS Investment Management LLC’s holdings in Las Vegas Sands were worth $2,077,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its holdings in shares of Las Vegas Sands by 48.0% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Las Vegas Sands by 2.4% in the 3rd quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock valued at $459,000 after buying an additional 197 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Las Vegas Sands by 0.3% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock valued at $2,697,000 after buying an additional 213 shares during the period. Harbour Investments Inc. boosted its stake in shares of Las Vegas Sands by 21.4% in the second quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock worth $61,000 after buying an additional 247 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in Las Vegas Sands by 1.5% during the second quarter. Wealthfront Advisers LLC now owns 18,189 shares of the casino operator’s stock worth $791,000 after acquiring an additional 273 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Las Vegas Sands

In related news, CFO Randy Hyzak sold 57,545 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $66.45, for a total transaction of $3,823,865.25. Following the completion of the transaction, the chief financial officer directly owned 53,499 shares in the company, valued at $3,555,008.55. This trade represents a 51.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert G. Goldstein sold 1,198,650 shares of Las Vegas Sands stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,082,053 shares of company stock valued at $207,130,199. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LVS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a report on Monday, December 29th. Zacks Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Citigroup upped their target price on Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Wall Street Zen cut shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Stifel Nicolaus cut their price target on shares of Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus target price of $68.55.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $57.97 on Friday. The stock has a market cap of $38.95 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.48 and a beta of 0.93. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $60.93 and a 200-day simple moving average of $58.76. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.08. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Monday, February 9th were given a dividend of $0.30 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, February 9th. Las Vegas Sands’s dividend payout ratio (DPR) is 51.28%.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.