First Citizens Bank & Trust Co. Grows Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

First Citizens Bank & Trust Co. raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,373 shares of the casino operator’s stock after acquiring an additional 372 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Las Vegas Sands were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LVS. Public Sector Pension Investment Board increased its stake in shares of Las Vegas Sands by 80.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 13,067 shares of the casino operator’s stock worth $578,000 after purchasing an additional 5,818 shares in the last quarter. APG Asset Management N.V. increased its position in Las Vegas Sands by 195.9% during the second quarter. APG Asset Management N.V. now owns 51,355 shares of the casino operator’s stock worth $2,120,000 after buying an additional 34,000 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Las Vegas Sands in the second quarter worth $1,092,000. Mackenzie Financial Corp lifted its position in shares of Las Vegas Sands by 7.1% in the second quarter. Mackenzie Financial Corp now owns 74,587 shares of the casino operator’s stock valued at $3,300,000 after acquiring an additional 4,968 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Las Vegas Sands by 2.7% during the second quarter. Creative Planning now owns 83,838 shares of the casino operator’s stock valued at $3,710,000 after acquiring an additional 2,242 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $43.21 on Wednesday. The firm has a fifty day moving average of $50.18 and a 200-day moving average of $46.72. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $31.33 billion, a P/E ratio of 21.39, a PEG ratio of 1.00 and a beta of 1.09.

Wall Street Analysts Forecast Growth

LVS has been the subject of several analyst reports. Barclays boosted their target price on shares of 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 target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. UBS Group lifted their price objective on 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, Mizuho increased their target price on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.92.

Insider Buying and Selling

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

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.