Las Vegas Sands Corp. (NYSE:LVS) was down 5.1% on Thursday . The stock traded as low as $52.80 and last traded at $53.71. Approximately 8,587,759 shares traded hands during trading, an increase of 112% from the average daily volume of 4,046,716 shares. The stock had previously closed at $56.57.

Several equities research analysts have recently weighed in on LVS shares. Argus cut their target price on Las Vegas Sands from $89.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. HSBC raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Monday, October 15th. Morgan Stanley set a $68.00 target price on Las Vegas Sands and gave the stock a “buy” rating in a research report on Thursday, October 25th. Goldman Sachs Group lowered Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Stifel Nicolaus cut their target price on Las Vegas Sands from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $73.50.

The stock has a market capitalization of $44.33 billion, a P/E ratio of 17.13 and a beta of 1.59. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.93 and a quick ratio of 1.92.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. On average, research analysts predict that Las Vegas Sands Corp. will post 3.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 5.76%. The ex-dividend date is Monday, December 17th. Las Vegas Sands’s dividend payout ratio (DPR) is 98.68%.

In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of Las Vegas Sands stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $60.95, for a total transaction of $4,063,353.65. Following the transaction, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,063,353.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 10.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVS. Principal Financial Group Inc. increased its holdings in shares of Las Vegas Sands by 133.3% in the first quarter. Principal Financial Group Inc. now owns 410,631 shares of the casino operator’s stock valued at $29,524,000 after purchasing an additional 234,641 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Las Vegas Sands by 23.2% in the first quarter. Allianz Asset Management GmbH now owns 519,071 shares of the casino operator’s stock valued at $37,321,000 after purchasing an additional 97,690 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Las Vegas Sands by 42.8% in the second quarter. State of Alaska Department of Revenue now owns 58,135 shares of the casino operator’s stock valued at $4,438,000 after purchasing an additional 17,435 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Las Vegas Sands by 51.7% in the second quarter. Handelsbanken Fonder AB now owns 88,000 shares of the casino operator’s stock valued at $6,720,000 after purchasing an additional 30,000 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in shares of Las Vegas Sands by 56.4% in the second quarter. Raymond James Trust N.A. now owns 4,920 shares of the casino operator’s stock valued at $376,000 after purchasing an additional 1,774 shares during the period. 38.70% of the stock is currently owned by institutional investors.

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About Las Vegas Sands (NYSE:LVS)

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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