2 weeks Ago By ABMN Staff
Las Vegas Sands Corp. ( NYSE:LVS – Get Free Report ) traded up 6.2% on Friday .
The company traded as high as $51.40 and last traded at $51.39.
11,551,247 shares were traded during trading, an increase of 103% from the average session volume of 5,696,661 shares. The stock had previously closed at $48.40.
Wall Street Analyst Weigh In LVS has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of Las Vegas Sands from $55.00 to $50.
00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. Stifel Nicolaus cut their price target on shares of Las Vegas Sands from $65.00 to $55.
00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Barclays decreased their price objective on Las Vegas Sands from $57.00 to $52.
00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft dropped their target price on Las Vegas Sands from $61.00 to $55.
00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock.
Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $55.25.
View Our Latest Stock Analysis on Las Vegas Sands Las Vegas Sands Trading Up 5.6 % Las Vegas Sands ( NYSE:LVS – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.
55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01).
Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%.
The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion.
During the same period last year, the company posted $0.46 earnings per share. The business’s quarterly revenue was up 8.
6% on a year-over-year basis. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.
45 earnings per share for the current fiscal year. Las Vegas Sands Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.
20 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.
80 dividend on an annualized basis and a yield of 1.56%. Las Vegas Sands’s dividend payout ratio is currently 38.
65%. Institutional Trading of Las Vegas Sands A number of institutional investors and hedge funds have recently made changes to their positions in LVS. Bank & Trust Co acquired a new stake in Las Vegas Sands in the 2nd quarter valued at $29,000.
Accent Capital Management LLC acquired a new stake in shares of Las Vegas Sands in the fourth quarter valued at about $39,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Las Vegas Sands by 93.
2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares in the last quarter.
Fidelis Capital Partners LLC acquired a new position in shares of Las Vegas Sands during the 1st quarter worth about $43,000. Finally, Parallel Advisors LLC lifted its stake in Las Vegas Sands by 54.8% in the 4th quarter.
Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after buying an additional 357 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Company Profile ( Get Free Report ) 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.
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