Las Vegas Sands Corp. (LVS) Testing Investors’ Patience Right Now

GLBE Stock
GLBE Stock

D1 Capital Partners LLC recently announced the acquisition of new stake in Las Vegas Sands Corp. (NYSE:LVS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 90.06% to 15.84 million shares with purchase of 7.51 million shares. This fresh investment now brings its stake to 2.07% valued currently at $691.33 million. In addition, Viking Global Investors LP raised its holdings by 8.03 million to 11.13 million shares.

With over 6.97 million Las Vegas Sands Corp. (LVS) shares trading Friday and a closing price of $52.16 on the day, the dollar volume was approximately $363.37 million. The shares have shown a positive weekly performance of 7.50% and its price on 08/28/20 gained nearly 3.23%. Currently, there are 764.00M common shares owned by the public and among those 330.69M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for LVS have a consensus price objective of $58.81. The analysts have set the share’s price value over the next 12 months at a high of $73.00 and a low of $50.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Las Vegas Sands Corp. stock is 1.80 for the next 12 months. The average price target is 10.88% above its last price level and an upside to the estimated low will see the stock lose -4.32% over that period. But an upside of 28.55% will see the stock hit the forecast high price target while mean target price for the stock is $58.00.

Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 3,779,579 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 3,626,667 shares.

The top 3 mutual fund holders in Las Vegas Sands Corp. are Vanguard Total Stock Market Index, American Funds Growth Fund of Ame, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 10.86 million shares of the company’s stock, all valued at over $474.05 million. The company sold 34016.0 shares recently to bring their total holdings to about 1.42% of the shares outstanding. American Funds Growth Fund of Ame bought 5.52 million shares to see its total holdings expand to 8.05 million shares valued at over $351.1 million and representing 1.05% of the shares outstanding. Vanguard 500 Index Fund sold 40263.0 shares to bring its total holdings to over 6.93 million shares at a value of $302.57 million. Vanguard 500 Index Fund now owns shares totaling to 0.91% of the shares outstanding.

Shares of Las Vegas Sands Corp. (NYSE: LVS) opened at $51.14, up $0.61 from a prior closing price of $50.53. However, the script later closed the day at $52.16, up 3.23%. The company’s stock has a 5-day price change of 7.50% and 6.38% over the past three months. LVS shares are trading -24.45% year to date (YTD), with the 12-month market performance down to -5.40% lower. It has a 12-month low price of $33.30 and touched a high of $74.29 over the same period. Currently, 6.97 million shares have been traded, compared to an average intraday trading volume of 6.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.07%, 11.80%, and -3.84% respectively.

Institutional ownership of Las Vegas Sands Corp. (NYSE: LVS) shares accounts for 37.80% of the company’s 764.00M shares outstanding. Mutual fund holders own 18.94%, while other institutional holders and individual stakeholders account for 67.44% and 18.74% respectively.

It has a market capitalization of $38.59B and a beta (3y monthly) value of 1.54. The stock’s trailing 12-month PE ratio is 119.09, while the earnings-per-share (ttm) stands at $0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.33% over the week and 3.50% over the month.

Analysts forecast that Las Vegas Sands Corp. (LVS) will achieve an EPS of -$0.5 for the current quarter, $0.04 for the next quarter and $2.01 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.8 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was $0.75 a year ago. Earnings per share for the fiscal year are expected to increase by 11.40%, and 252.30% over the next financial year. EPS should shrink at an annualized rate of -6.38% over the next five years, compared to -0.10% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Las Vegas Sands Corp. (LVS) as a “Strong Buy” at a consensus score of 1.80. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 3 of the 18 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the LVS, a number of firms have released research notes about the stock. Credit Suisse stated their Outperform rating for the stock in a research note on May 21, 2020, with the firm’s price target at $62-$58. JP Morgan coverage for the Las Vegas Sands Corp. (LVS) stock in a research note released on April 23, 2020 offered a Overweight rating with a price target of $52. HSBC Securities was of a view on April 21, 2020 that the stock is Buy, while Nomura gave the stock Buy rating on April 17, 2020, issuing a price target of. Wolfe Research on their part issued Outperform rating on April 09, 2020.


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