SBI Securities Co. Ltd. Buys Shares of 6,334 Las Vegas Sands Corp. (NYSE:LVS)

SBI Securities Co. Ltd. acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,334 shares of the casino operator’s stock, valued at approximately $325,000.

Several other hedge funds have also made changes to their positions in LVS. Janus Henderson Group PLC boosted its holdings in shares of Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP boosted its holdings in shares of Las Vegas Sands by 32.0% during the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock worth $333,911,000 after purchasing an additional 1,577,042 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Las Vegas Sands by 13.5% during the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock worth $598,988,000 after purchasing an additional 1,389,963 shares during the last quarter. Suvretta Capital Management LLC acquired a new stake in shares of Las Vegas Sands during the third quarter worth $24,370,000. Finally, Bamco Inc. NY raised its position in shares of Las Vegas Sands by 29.2% in the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock worth $79,591,000 after buying an additional 357,234 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 2.3 %

NYSE:LVS opened at $46.12 on Thursday. The business’s 50-day moving average is $45.61 and its two-hundred day moving average is $47.43. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The firm has a market capitalization of $33.02 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.61.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. Research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 50.76%.

Analyst Ratings Changes

Several brokerages recently weighed in on LVS. Deutsche Bank Aktiengesellschaft cut their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Citigroup increased their target price on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company cut their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Macquarie increased their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley cut their target price on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.42.

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.