Assenagon Asset Management S.A. Sells 35,170 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Assenagon Asset Management S.A. cut its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 35.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,167 shares of the casino operator’s stock after selling 35,170 shares during the period. Assenagon Asset Management S.A.’s holdings in Las Vegas Sands were worth $3,347,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LVS. Wilmington Savings Fund Society FSB bought a new position in shares of Las Vegas Sands during the 3rd quarter valued at approximately $26,000. CVA Family Office LLC lifted its position in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Las Vegas Sands in the 3rd quarter worth $34,000. Capital Performance Advisors LLP bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth about $43,000. Finally, GAMMA Investing LLC raised its position in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the subject of several recent research reports. UBS Group lifted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Mizuho increased their price target on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays lifted their price objective on shares of Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company increased their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.92.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $45.40 on Wednesday. The company’s 50-day simple moving average is $50.68 and its two-hundred day simple moving average is $46.64. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. The company has a market capitalization of $32.91 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.01 and a beta of 1.09.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.36 EPS for the current year.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,732 shares of company stock valued at $10,861,707. 1.20% of the stock is currently owned by corporate insiders.

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.