Hsbc Holdings PLC Acquires 25,560 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Hsbc Holdings PLC lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,611 shares of the casino operator’s stock after purchasing an additional 25,560 shares during the period. Hsbc Holdings PLC owned about 0.08% of Las Vegas Sands worth $27,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LVS. Bank & Trust Co purchased a new position in Las Vegas Sands in the second quarter valued at approximately $29,000. Accent Capital Management LLC purchased a new position in shares of Las Vegas Sands during the 4th quarter valued at $39,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Las Vegas Sands by 93.2% during the 2nd 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 during the period. Fidelis Capital Partners LLC purchased a new stake in Las Vegas Sands in the 1st quarter worth about $43,000. Finally, Parallel Advisors LLC lifted its holdings in Las Vegas Sands by 54.8% during the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 357 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LVS shares. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Macquarie dropped their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. UBS Group cut Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $49.00 in a report on Friday, August 23rd. Finally, Jefferies Financial Group reduced their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Las Vegas Sands Trading Down 0.3 %

Shares of Las Vegas Sands stock opened at $41.98 on Friday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The firm has a market cap of $31.28 billion, a PE ratio of 20.28, a PEG ratio of 1.12 and a beta of 1.11. The company has a 50 day simple moving average of $40.02 and a two-hundred day simple moving average of $44.59.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. Analysts expect that Las Vegas Sands Corp. will post 2.46 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.91%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Las Vegas Sands 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.