Oppenheimer & Co. Inc. raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,993 shares of the casino operator’s stock after buying an additional 3,664 shares during the period. Oppenheimer & Co. Inc.’s holdings in Las Vegas Sands Corp. were worth $4,855,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. TrimTabs Asset Management LLC raised its position in Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock valued at $105,000 after buying an additional 864 shares in the last quarter. Global X Management Co. LLC raised its position in 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 valued at $106,000 after buying an additional 126 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Las Vegas Sands Corp. during the first quarter valued at approximately $119,000. Point72 Asia Hong Kong Ltd raised its position in Las Vegas Sands Corp. by 87.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after buying an additional 1,395 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in 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 valued at $174,000 after buying an additional 1,610 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 62.87 on Friday. The stock’s 50 day moving average is $61.15 and its 200-day moving average is $59.13. The company has a market cap of $49.79 billion, a price-to-earnings ratio of 24.46 and a beta of 1.78. Las Vegas Sands Corp. has a 52 week low of $49.89 and a 52 week high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities analysts anticipate that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is presently 113.18%.

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Several equities analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 target price (up previously from $66.00) on shares of Las Vegas Sands Corp. in a report on Tuesday, July 18th. UBS AG reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Instinet reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 17th. Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 target price on the stock. in a report on Monday, June 5th. Finally, Zacks Investment Research lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $63.10.

Las Vegas Sands Corp. Company Profile

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.

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

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