Las Vegas Sands Corp. $LVS Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in Las Vegas Sands Corp. (NYSE:LVSFree Report) by 5.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 892,900 shares of the casino operator’s stock after buying an additional 46,400 shares during the quarter. Swiss National Bank’s holdings in Las Vegas Sands were worth $48,109,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of LVS. International Assets Investment Management LLC bought a new position in Las Vegas Sands in the fourth quarter worth about $26,000. DV Equities LLC bought a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB raised its position in shares of Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after purchasing an additional 434 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $45.26 on Thursday. Las Vegas Sands Corp. has a 12-month low of $44.22 and a 12-month high of $70.45. The company has a market cap of $29.99 billion, a PE ratio of 16.76, a P/E/G ratio of 1.12 and a beta of 0.83. The stock has a 50 day simple moving average of $48.43 and a 200-day simple moving average of $53.40. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVSGet Free Report) last posted its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 3.35 EPS for the current year.

Analysts Set New Price Targets

LVS has been the subject of a number of analyst reports. Citigroup reduced their price objective on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a research report on Friday, July 10th. UBS Group set a $52.00 target price on Las Vegas Sands in a research note on Thursday, July 2nd. Susquehanna reduced their price target on shares of Las Vegas Sands from $72.00 to $64.00 and set a “positive” rating for the company in a report on Wednesday. Barclays lowered their price target on shares of Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average price target of $65.31.

Check Out Our Latest Research Report on LVS

Las Vegas Sands Profile

(Free Report)

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

Featured Stories

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

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