This afternoon we watched Las Vegas Sands drop -1.9% to a price of $48.85 per share. The large-cap Lodging company is now trading -30.37% below its average target price of $70.16. Analysts have set target prices ranging from $64.0 to $80.5 per share for Las Vegas Sands, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.9%, and a short ratio of 2.66. The company's insiders own 56.79% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 41.0% of Las Vegas Sands's shares being owned by this investor type.
Institutions Invested in Las Vegas Sands
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 4% | 32,510,135 | $1,588,282,630 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 4% | 27,164,433 | $1,327,118,361 |
| 2023-06-30 | Blackrock Inc. | 3% | 22,227,972 | $1,085,947,561 |
| 2023-06-30 | Invesco Ltd. | 2% | 16,870,670 | $824,216,575 |
| 2023-06-30 | State Street Corporation | 2% | 13,055,463 | $637,824,638 |
| 2023-06-30 | Capital World Investors | 2% | 12,158,758 | $594,016,116 |
| 2023-06-30 | Nuveen Asset Management, LLC | 2% | 11,940,925 | $583,373,885 |
| 2023-06-30 | Fisher Asset Management, LLC | 1% | 9,567,353 | $467,413,026 |
| 2023-06-30 | Bank Of New York Mellon Corporation | 1% | 7,934,505 | $387,640,238 |
| 2023-06-30 | Barrow, Hanley Mewhinney & Strauss, LLC | 1% | 7,519,865 | $367,383,001 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Las Vegas Sands.
