North Star Investment Management Corp. has sold 25% of its holdings in Las Vegas Sands Corp., reducing its position in the company to 15,025 shares worth $722,000. Other institutional investors, including Trustcore Financial Services, Mizuho Securities, and EverSource Wealth Advisors, have also modified their positions in the casino operator’s stock. Las Vegas Sands (NYE:LVS), which has a market capitalization of $42 billion, reported Q4 earnings that missed analysts’ estimates, with a net loss of $0.19 per share. However, the company saw a year-on-year increase in revenue of 10.8%. Despite the results, Wall Street analysts remain bullish on the company, with a consensus rating of “Moderate Buy” and a target price of $64.
Las Vegas Sands Corp Stock Growth
Las Vegas Sands’ stock (NYE: LVS) opened at $54.96 on Tuesday, and has a 52-week low of $28.88 and a high of $60.99. The company’s 50-day simple moving average is $56.60 and its 200-day simple moving average is $47.13. The stock has a price-to-earnings ratio (P/E ratio) of 22.90, a P/E to growth ratio (P/E/G ratio) of 15.63, and a beta of 1.16. Despite the dip in institutional investment, the stock has risen by 0.5% as investors remain optimistic about the long-term potential of the gaming industry in Las Vegas, particularly as the COVID-19 pandemic eases and tourists return.
Las Vegas Sands Corp Stock Analysis
Las Vegas Sands Corp has an average analyst target price of $59.44, according to 21 analysts. The average analyst rating for the company is Strong Buy. However, Stock Target Advisor has a slightly bearish analysis of the stock, based on 4 positive signals and 9 negative signals. The stock price for Las Vegas Sands Corp was last recorded at $54.96 at the close of the market. In the past week, the stock price has decreased by 1.75%, and in the past month, it has decreased by 1.89%. Despite this, the stock price has increased by 41.07% over the last year.
Las Vegas Sands Corp is a leading developer, owner, and operator of integrated resorts in the Asia-Pacific region. The company operates a portfolio of world-class properties, including The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao, and Four Seasons Hotel Macao on the Cotai Strip in Macao, China, as well as the iconic Marina Bay Sands in Singapore. These integrated resorts offer luxurious accommodations, state-of-the-art gaming facilities, entertainment and retail options, convention and exhibition centers, and a range of dining and other amenities. Founded in 1988 and headquartered in Las Vegas, Nevada