10,411 Shares in Las Vegas Sands Corp. (NYSE:LVS) Purchased by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,411 shares of the casino operator’s stock, valued at approximately $461,000.

A number of other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC grew its holdings in shares of Las Vegas Sands by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after buying an additional 288 shares in the last quarter. Czech National Bank boosted its position in Las Vegas Sands by 0.5% during the first quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after purchasing an additional 319 shares during the last quarter. Western Pacific Wealth Management LP boosted its position in Las Vegas Sands by 53.5% during the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 338 shares during the last quarter. Parallel Advisors LLC boosted its position 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. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Las Vegas Sands by 0.8% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock valued at $2,350,000 after purchasing an additional 401 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Wells Fargo & Company reduced their price target on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Barclays reduced their price target on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Jefferies Financial Group reduced their price target on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Finally, Macquarie cut their price objective on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $55.25.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $48.39 on Friday. The firm has a market cap of $35.64 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The business’s 50 day moving average is $40.10 and its 200-day moving average is $44.43.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. Las Vegas Sands’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts predict that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

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.