Eurizon Capital SGR S.p.A. Takes Position in Las Vegas Sands Corp. $LVS

Eurizon Capital SGR S.p.A. bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 18,290 shares of the casino operator’s stock, valued at approximately $1,190,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Grove Bank & Trust acquired a new stake in shares of Las Vegas Sands during the 4th quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new stake in shares of Las Vegas Sands during the 4th quarter valued at approximately $26,000. Westside Investment Management Inc. raised its position in shares of Las Vegas Sands by 48.0% during 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 in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Las Vegas Sands by 549.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after acquiring an additional 533 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after acquiring an additional 434 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LVS has been the topic of several research reports. Mizuho upped their price target on Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Wells Fargo & Company dropped their price target on Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Stifel Nicolaus upped their price target on Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Citigroup upped their price target on Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.28.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $51.10 on Wednesday. Las Vegas Sands Corp. has a 1-year low of $40.03 and a 1-year high of $70.45. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The business’s fifty day moving average price is $53.13 and its two-hundred day moving average price is $58.24. The firm has a market capitalization of $33.86 billion, a PE ratio of 18.93, a P/E/G ratio of 1.21 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, research analysts expect that Las Vegas Sands Corp. will post 3.38 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 2.3%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 44.44%.

Las Vegas Sands Company 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.