Las Vegas Sands Corp. (LVS) Position Decreased by Dai Ichi Life Insurance Company Ltd

Las Vegas Sands Corp. (LVS) Position Decreased by Dai Ichi Life Insurance Company Ltd

A number of other large investors also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of Las Vegas Sands Corp. by 33.2% in the third quarter. LPL Financial LLC now owns 65,808 shares of the casino operator’s stock valued at $3,870,000 after buying an additional 16,414 shares in the last quarter. Schafer Cullen Capital Management Inc. bought a new stake in shares of Las Vegas Sands Corp. during the third quarter valued at approximately $236,000. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Las Vegas Sands Corp. during the third quarter valued at approximately $346,000. Dai Ichi Life Holdings Inc. raised its stake in shares of Las Vegas Sands Corp. by 106.6% in the third quarter. Dai Ichi Life Holdings Inc. now owns 108,368 shares of the casino operator’s stock valued at $6,235,000 after buying an additional 55,926 shares in the last quarter. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Las Vegas Sands Corp. during the third quarter valued at approximately $408,000. Hedge funds and other institutional investors own 40.16% of the company’s stock.

Dai Ichi Life Insurance Company Ltd decreased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 89.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,545 shares of the casino operator’s stock after selling 140,823 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Las Vegas Sands Corp. were worth $944,000 at the end of the most recent quarter.

Shares of Las Vegas Sands Corp. (NYSE LVS) traded up 0.73% during trading on Wednesday, reaching $59.13. 4,646,729 shares of the company’s stock were exchanged. Las Vegas Sands Corp. has a 52 week low of $41.45 and a 52 week high of $63.38. The company’s 50-day moving average price is $57.83 and its 200 day moving average price is $56.31. The firm has a market capitalization of $46.95 billion, a PE ratio of 25.71 and a beta of 1.91. Las Vegas Sands Corp. also saw some unusual options trading activity on Tuesday. Traders acquired 1,966 call options on the stock. This represents an increase of approximately 156% compared to the typical volume of 769 call options.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. Las Vegas Sands Corp. had a net margin of 14.64% and a return on equity of 23.75%. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post $2.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd will be given a dividend of $0.73 per share. The ex-dividend date is Tuesday, June 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.94%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 137.14%.

Several brokerages recently commented on LVS. Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $61.32 price target on the stock. in a research note on Wednesday, April 26th. Telsey Advisory Group lifted their price target on shares of Las Vegas Sands Corp. from $58.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. Stifel Nicolaus raised their price objective on shares of Las Vegas Sands Corp. from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Deutsche Bank AG raised their price objective on shares of Las Vegas Sands Corp. from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Susquehanna Bancshares Inc reissued a “buy” rating and set a $69.00 price objective on shares of Las Vegas Sands Corp. in a research report on Friday, April 28th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $61.72.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LVS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).

Related posts

Leave a Comment