Hsbc Holdings PLC Sells 54,139 Shares of Las Vegas Sands Corp. $LVS

Hsbc Holdings PLC decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 503,048 shares of the casino operator’s stock after selling 54,139 shares during the period. Hsbc Holdings PLC owned approximately 0.07% of Las Vegas Sands worth $32,741,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust acquired a new stake in Las Vegas Sands in the fourth quarter valued at about $26,000. International Assets Investment Management LLC acquired a new position in Las Vegas Sands during the fourth quarter worth about $26,000. DV Equities LLC bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $29,000. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LVS. Weiss Ratings lowered shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of 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. JPMorgan Chase & Co. lowered their price target on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Mizuho increased their price target on Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, HSBC raised their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Las Vegas Sands Stock Up 0.2%

NYSE:LVS opened at $47.90 on Wednesday. Las Vegas Sands Corp. has a one year low of $42.06 and a one 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 company has a market cap of $31.74 billion, a PE ratio of 17.74, a P/E/G ratio of 1.08 and a beta of 0.81. The firm’s 50 day simple moving average is $51.89 and its 200 day simple moving average is $56.38.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The company’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. On average, research analysts anticipate that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors 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 annualized dividend and a dividend yield of 2.5%. Las Vegas Sands’s payout ratio is currently 44.44%.

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.