Oppenheimer Asset Management Inc. acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,435 shares of the casino operator’s stock, valued at approximately $311,000.

Several other hedge funds have also recently modified their holdings of LVS. BlackRock Inc. raised its stake in shares of Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock valued at $899,674,000 after buying an additional 15,159,167 shares during the last quarter. Nicholas Investment Partners LP raised its stake in shares of Las Vegas Sands Corp. by 2,418.0% in the first quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock valued at $85,605,000 after buying an additional 1,440,429 shares during the last quarter. Investec Asset Management LTD purchased a new stake in shares of Las Vegas Sands Corp. during the first quarter valued at approximately $74,167,000. Vontobel Asset Management Inc. raised its stake in shares of Las Vegas Sands Corp. by 29.8% in the first quarter. Vontobel Asset Management Inc. now owns 5,646,362 shares of the casino operator’s stock valued at $327,900,000 after buying an additional 1,297,306 shares during the last quarter. Finally, Thornburg Investment Management Inc. raised its stake in Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after buying an additional 1,174,688 shares in the last quarter. 38.31% of the stock is owned by institutional investors.

Las Vegas Sands Corp. (NYSE LVS) traded up 0.31% during mid-day trading on Friday, reaching $60.97. The company’s stock had a trading volume of 1,898,359 shares. The firm has a market capitalization of $48.29 billion, a price-to-earnings ratio of 23.72 and a beta of 1.81. Las Vegas Sands Corp. has a 52 week low of $49.09 and a 52 week high of $66.22. The company’s 50-day moving average price is $63.06 and its 200 day moving average price is $58.06.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.14. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.31%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Las Vegas Sands Corp. will post $2.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is 113.18%.

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Several research firms have issued reports on LVS. Zacks Investment Research lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank AG reissued a “hold” rating and set a $54.00 price target (up previously from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price objective (up from $70.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Telsey Advisory Group boosted their price objective on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation restated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $62.65.

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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