Allianz Asset Management GmbH Has $74.12 Million Stock Holdings in Las Vegas Sands Corp. $LVS

Allianz Asset Management GmbH grew its position in Las Vegas Sands Corp. (NYSE:LVS) by 401.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,138,717 shares of the casino operator’s stock after purchasing an additional 911,439 shares during the quarter. Allianz Asset Management GmbH’s holdings in Las Vegas Sands were worth $74,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Las Vegas Sands by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after buying an additional 2,418 shares in the last quarter. Woodline Partners LP lifted its position in Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after buying an additional 8,132 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after buying an additional 1,027 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Las Vegas Sands during the 2nd quarter worth about $414,000. Finally, Cerity Partners LLC lifted its position in Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after buying an additional 7,243 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $50.80 on Thursday. The stock has a market capitalization of $33.66 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.17 and a beta of 0.81. Las Vegas Sands Corp. has a 1-year low of $40.03 and a 1-year high of $70.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The business has a 50-day moving average price of $52.82 and a two-hundred day moving average price of $57.55.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data 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. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Equities analysts predict that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. Las Vegas Sands’s dividend payout ratio is 44.44%.

Analyst Upgrades and Downgrades

LVS has been the topic of several research reports. Barclays upped their price target on shares of Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Wells Fargo & Company reduced their price target on shares of 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. Seaport Research Partners reduced their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Insider Activity at Las Vegas Sands

In other news, CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. This represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

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.