670 Shares in Las Vegas Sands Corp. (NYSE:LVS) Bought by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 670 shares of the casino operator’s stock, valued at approximately $34,000.

Several other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the period. Signaturefd LLC grew its position in shares of Las Vegas Sands by 7.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock worth $177,000 after acquiring an additional 253 shares during the last quarter. Waldron Private Wealth LLC increased its holdings in shares of Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after acquiring an additional 268 shares during the period. CVA Family Office LLC raised its position in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the last quarter. Finally, Western Pacific Wealth Management LP grew its position in Las Vegas Sands by 53.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LVS shares. Susquehanna upped their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Macquarie lowered their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Barclays upped their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Stifel Nicolaus boosted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 119,221 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the transaction, the chief executive officer now directly owns 84,511 shares in the company, valued at approximately $4,540,776.03. This represents a 58.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $48.53 on Friday. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65. The stock has a market cap of $35.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11. The business’s fifty day moving average price is $48.39 and its two-hundred day moving average price is $44.69. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. On average, analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

Las Vegas Sands Company Profile

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.