RiverPark Advisors LLC trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 21.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,116 shares of the casino operator’s stock after selling 13,846 shares during the period. RiverPark Advisors LLC’s holdings in Las Vegas Sands were worth $3,552,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Truewealth LLC acquired a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $130,000. Bessemer Group Inc. raised its position in shares of Las Vegas Sands by 60.5% during the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after purchasing an additional 779 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Las Vegas Sands during the third quarter worth approximately $181,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Las Vegas Sands during the third quarter worth approximately $198,000. Finally, Independence Trust CO acquired a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $205,000. Hedge funds and other institutional investors own 38.68% of the company’s stock.
LVS has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 target price (up from $76.00) on shares of Las Vegas Sands in a research report on Thursday, January 25th. Jefferies Group reaffirmed a “hold” rating on shares of Las Vegas Sands in a research report on Thursday, January 25th. JPMorgan Chase & Co. upped their target price on Las Vegas Sands from $63.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Wednesday, January 17th. Finally, Barclays upped their target price on Las Vegas Sands to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $70.54.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, January 24th. The casino operator reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.11. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. Las Vegas Sands had a return on equity of 33.90% and a net margin of 21.78%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. equities research analysts expect that Las Vegas Sands Corp. will post 3.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, March 21st. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. Las Vegas Sands’s dividend payout ratio is 82.49%.
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About Las Vegas Sands
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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