Fifth Third Bancorp Cuts Position in Las Vegas Sands Corp. (NYSE:LVS)

Fifth Third Bancorp lowered its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,925 shares of the casino operator’s stock after selling 248 shares during the quarter. Fifth Third Bancorp’s holdings in Las Vegas Sands were worth $1,280,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in Las Vegas Sands by 3.6% in the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock valued at $305,000 after buying an additional 213 shares in the last quarter. Raymond James Trust N.A. increased its position in Las Vegas Sands by 4.7% during the third quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock worth $255,000 after purchasing an additional 229 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 last quarter. UMB Bank n.a. grew its stake in shares of Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after buying an additional 247 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Las Vegas Sands by 7.8% in the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after buying an additional 253 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LVS shares. Susquehanna upped their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Barclays upped their price target on Las Vegas Sands from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group upped their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average target price of $59.92.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands Stock Down 0.6 %

Shares of NYSE LVS opened at $43.21 on Wednesday. The business has a 50-day moving average of $50.18 and a two-hundred day moving average of $46.72. The company has a market capitalization of $31.33 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.60. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.

About Las Vegas Sands

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.