Las Vegas Sands Corp. has recently seen an increase in institutional investment, with notable movements among major financial players.

Institutional Investment

Vanguard Group Inc. increased its holdings by 0.6% in the first quarter, now owning over 37 million shares valued at approximately $1.92 billion.

CANADA LIFE ASSURANCE Co. expanded its stake by 7.8%, bringing its total to 211,320 shares worth around $10.93 million.

Clearbridge Investments LLC raised its holdings by 2.0% to 641,682 shares, valued at $33.18 million.

Assenagon Asset Management S.A. grew its stake by an astonishing 7,647.7% in the second quarter, now holding 443,325 shares worth $19.62 million.

Sanctuary Advisors LLC also entered the fray with a new investment valued at $619,000.

Collectively, institutional investors now own 39.16% of Las Vegas Sands' stock.

Analyst Ratings

Various analysts have weighed in on the stock performance of Las Vegas Sands.

• UBS Group raised its price target to $50.00, maintaining a "neutral" rating.
• Argus downgraded the stock to a "hold" rating.
• Macquarie adjusted its target price to $56.00, maintaining an "outperform" rating.
• JPMorgan Chase & Co. increased its target price to $60.00 with an "overweight" rating.
• Morgan Stanley raised its target to $55.00, also with an "overweight" rating.
• Jefferies Financial Group reduced its target to $47.00, setting a "hold" rating.

The consensus among analysts leans towards a "Moderate Buy," with a consensus price target of $58.00.

Quarterly Earnings

Las Vegas Sands recently reported quarterly earnings per share (EPS) of $0.44, falling short of analysts' expectations.

The company experienced a net margin of 13.29% and a return on equity of 44.26%.

Revenue for the quarter totaled $2.68 billion, marking a 4.0% decline compared to the same quarter last year.

Stock Performance

The company's stock has shown volatility, trading at $50.78 during mid-day trading.

Las Vegas Sands has a market capitalization of $36.82 billion, a price-to-earnings (P/E) ratio of 25.14, and a price-to-earnings-growth (PEG) ratio of 1.35.

The stock has fluctuated between a one-year low of $36.62 and a high of $55.65.

Insider Transaction

In a notable insider transaction, CEO Robert G. Goldstein sold 119,221 shares at an average price of $53.73, totaling approximately $6.41 million.

Following this sale, Goldstein retains 84,511 shares valued at around $4.54 million.

Insider ownership stands at 1.20%.

Conclusion

The recent influx of institutional investments and the mixed analyst ratings suggest a complex landscape for Las Vegas Sands.

The actions of institutional investors and insider transactions will continue to play a critical role in shaping market perceptions and stock performance.