Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Toronto Dominion Bank

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Toronto Dominion Bank decreased its position in Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,262 shares of the casino operator’s stock after selling 17,437 shares during the quarter. Toronto Dominion Bank’s holdings in Las Vegas Sands were worth $6,618,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LVS. Mizuho Securities Co. Ltd. acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $39,000. Confluence Wealth Services Inc. acquired a new stake in Las Vegas Sands in the fourth quarter valued at approximately $40,000. Hudock Inc. raised its holdings in Las Vegas Sands by 89.9% in the first quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock valued at $41,000 after acquiring an additional 500 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Las Vegas Sands by 140.2% in the fourth quarter. First Horizon Advisors Inc. now owns 1,554 shares of the casino operator’s stock valued at $57,000 after acquiring an additional 907 shares in the last quarter. Finally, Core Alternative Capital acquired a new stake in Las Vegas Sands in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 34.33% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Las Vegas Sands from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Morgan Stanley lowered their price objective on shares of Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $53.00 to $50.00 in a research report on Tuesday, July 19th. Wells Fargo & Company raised Las Vegas Sands from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $43.00 to $45.00 in a report on Thursday, July 21st. Finally, UBS Group set a $42.00 target price on Las Vegas Sands in a report on Monday, June 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.38.

Las Vegas Sands Trading Up 2.6 %

Las Vegas Sands (NYSE:LVS – Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.05). Las Vegas Sands had a negative return on equity of 31.93% and a net margin of 45.39%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $949.40 million. During the same period last year, the firm earned ($0.26) EPS. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts expect that Las Vegas Sands Corp. will post -1.1 earnings per share for the current fiscal year.

Las Vegas Sands Profile

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 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.