Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 97.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,743 shares of the casino operator’s stock after acquiring an additional 44,223 shares during the period. Meeder Asset Management Inc.’s holdings in Las Vegas Sands were worth $4,518,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CVA Family Office LLC boosted its stake in Las Vegas Sands by 118.8% during 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 in the last quarter. Bank & Trust Co bought a new position in Las Vegas Sands during the second quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in Las Vegas Sands during the third quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after acquiring an additional 437 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 2.5 %

Las Vegas Sands stock opened at $49.14 on Tuesday. The firm’s 50 day moving average price is $48.91 and its two-hundred day moving average price is $44.75. The firm has a market cap of $35.63 billion, a PE ratio of 24.33, a P/E/G ratio of 1.26 and a beta of 1.11. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. 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 results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates 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 was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. On average, research analysts predict that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now directly owns 84,511 shares in the company, valued at approximately $4,540,776.03. This trade represents a 58.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LVS shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. UBS Group upped their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Stifel Nicolaus lifted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Mizuho upped their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and an average target price of $58.00.

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.