22,132 Shares in Las Vegas Sands Corp. $LVS Bought by Kercheville Advisors LLC

Kercheville Advisors LLC purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,132 shares of the casino operator’s stock, valued at approximately $1,190,000.

A number of other institutional investors also recently bought and sold shares of LVS. AQR Capital Management LLC increased its holdings in shares of Las Vegas Sands by 733.4% in the 1st quarter. AQR Capital Management LLC now owns 790,760 shares of the casino operator’s stock valued at $29,725,000 after acquiring an additional 695,878 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares in the last quarter. Scientech Research LLC purchased a new position in Las Vegas Sands in the first quarter valued at approximately $1,095,000. UniSuper Management Pty Ltd raised its holdings in Las Vegas Sands by 0.8% during the first quarter. UniSuper Management Pty Ltd now owns 642,617 shares of the casino operator’s stock worth $24,824,000 after purchasing an additional 5,014 shares in the last quarter. Finally, Talon Private Wealth LLC purchased a new stake in shares of Las Vegas Sands during the 1st quarter worth approximately $736,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

NYSE LVS opened at $65.16 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $70.45. The business’s 50-day moving average price is $65.18 and its 200 day moving average price is $56.32. The firm has a market cap of $44.05 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.66 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the business earned $0.44 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Patrick Dumont sold 210,305 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $69.96, for a total transaction of $14,712,937.80. Following the completion of the sale, the chief operating officer owned 446,608 shares of the company’s stock, valued at $31,244,695.68. This trade represents a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,182,053 shares of company stock worth $333,348,399. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

LVS has been the subject of several research analyst reports. Mizuho upped their target price on shares of Las Vegas Sands from $56.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. UBS Group upped their price objective on shares of Las Vegas Sands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Zacks Research lowered Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Barclays boosted their target price on Las Vegas Sands from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen cut Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.52.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.