Las Vegas Sands Corp. (LVS) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 51.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 609,411 shares of the casino operator’s stock after buying an additional 206,496 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of Las Vegas Sands Corp. worth $37,584,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Global X Management Co. LLC lifted its holdings in shares of Las Vegas Sands Corp. by 8.3% in the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after buying an additional 126 shares in the last quarter. Ffcm LLC lifted its holdings in shares of Las Vegas Sands Corp. by 90.9% in the second quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after buying an additional 1,160 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Las Vegas Sands Corp. by 24.4% in the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock worth $166,000 after buying an additional 510 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Las Vegas Sands Corp. by 143.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock worth $174,000 after buying an additional 1,610 shares in the last quarter. Finally, Lee Financial Co lifted its holdings in shares of Las Vegas Sands Corp. by 1.4% in the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock worth $197,000 after buying an additional 43 shares in the last quarter. 38.24% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (NYSE:LVS) traded down $0.15 during midday trading on Tuesday, hitting $67.25. 3,620,500 shares of the stock were exchanged, compared to its average volume of 3,318,484. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $52,860.00, a PE ratio of 24.25 and a beta of 1.78. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $68.41.

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Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 31.11%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. research analysts forecast that Las Vegas Sands Corp. will post 2.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands Corp.’s payout ratio is presently 110.19%.

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Several equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Las Vegas Sands Corp. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price target (up previously from $66.00) on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 18th. Instinet restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 17th. Telsey Advisory Group boosted their price target on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, Gabelli boosted their price target on shares of Las Vegas Sands Corp. from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $65.31.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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