Virtu Financial LLC grew its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 17.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,334 shares of the casino operator’s stock after buying an additional 1,672 shares during the quarter. Virtu Financial LLC’s holdings in Las Vegas Sands were worth $788,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in LVS. Bessemer Group Inc. increased its stake in shares of Las Vegas Sands by 60.5% in the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock valued at $144,000 after buying an additional 779 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Las Vegas Sands in the third quarter valued at $181,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Las Vegas Sands in the third quarter valued at $198,000. Chase Investment Counsel Corp acquired a new stake in shares of Las Vegas Sands in the third quarter valued at $200,000. Finally, Independence Trust CO acquired a new stake in shares of Las Vegas Sands in the fourth quarter valued at $205,000. Institutional investors own 37.64% of the company’s stock.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at $73.95 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $58,637.58, a PE ratio of 24.45 and a beta of 1.72. Las Vegas Sands Corp. has a 12-month low of $51.90 and a 12-month high of $79.84.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $3.00 dividend on an annualized basis and a yield of 4.06%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. Las Vegas Sands’s dividend payout ratio (DPR) is 82.49%.
A number of analysts have recently weighed in on LVS shares. Stifel Nicolaus restated a “buy” rating and issued a $88.00 target price (up from $76.00) on shares of Las Vegas Sands in a research note on Thursday, January 25th. Jefferies Group restated a “hold” rating on shares of Las Vegas Sands in a research note on Thursday, January 25th. Zacks Investment Research lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 target price for the company in a research note on Monday, November 6th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $70.54.
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About Las Vegas Sands
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.
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