Fisher Asset Management LLC Has $687.12 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Fisher Asset Management LLC trimmed its position in Las Vegas Sands Corp. (NYSE:LVS) by 16.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,649,640 shares of the casino operator’s stock after selling 2,689,857 shares during the quarter. Fisher Asset Management LLC’s holdings in Las Vegas Sands were worth $687,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LVS. Empowered Funds LLC raised its holdings in shares of Las Vegas Sands by 3.6% in the third 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 during the last quarter. Raymond James Trust N.A. increased its position in Las Vegas Sands by 4.7% in the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock valued at $255,000 after acquiring an additional 229 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares during the last quarter. Signaturefd LLC lifted 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 purchasing an additional 253 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its stake in shares of Las Vegas Sands by 2.2% during the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after purchasing an additional 268 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were 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 of the company’s stock, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LVS shares. Mizuho boosted their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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 research report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. UBS Group lifted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Price Performance

Shares of LVS opened at $50.08 on Monday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market capitalization of $36.31 billion, a PE ratio of 24.79, a P/E/G ratio of 1.32 and a beta of 1.11. The stock has a 50 day simple moving average of $49.73 and a 200 day simple moving average of $44.84. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its 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). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the company posted $0.55 earnings per share. Las Vegas Sands’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company 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 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

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.