OVERSEA CHINESE BANKING Corp Ltd Increases Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 145.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,558 shares of the casino operator’s stock after purchasing an additional 36,498 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Las Vegas Sands were worth $2,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC increased its holdings in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Las Vegas Sands during the 2nd quarter valued at $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands in the 3rd quarter worth $34,000. Capital Performance Advisors LLP bought a new position in Las Vegas Sands in the 3rd quarter worth $43,000. Finally, GAMMA Investing LLC lifted its position in Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, 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 transaction of $6,405,744.33. Following the sale, the chief executive officer now owns 84,511 shares in the company, valued at approximately $4,540,776.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on LVS shares. Macquarie reduced their price target on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Morgan Stanley increased their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Mizuho lifted their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, UBS Group lifted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Stock Down 2.6 %

LVS opened at $49.30 on Wednesday. The company has a market capitalization of $35.74 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.33 and a beta of 1.11. The firm has a 50-day simple moving average of $47.98 and a two-hundred day simple moving average of $44.63. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. 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 announced its quarterly earnings results 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 net margin of 13.29% and a return on equity of 44.26%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the company posted $0.55 earnings per share. Las Vegas Sands’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

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.