Prudential Financial Inc. boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,175 shares of the casino operator’s stock after purchasing an additional 950 shares during the period. Prudential Financial Inc.’s holdings in Las Vegas Sands were worth $1,936,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of LVS. Janus Henderson Group PLC lifted its position in shares of Las Vegas Sands by 183.0% in the second quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock valued at $207,090,000 after buying an additional 2,095,879 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Las Vegas Sands by 40.8% in the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after buying an additional 1,886,376 shares during the last quarter. Capital World Investors lifted its position in shares of Las Vegas Sands by 14.5% in the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after buying an additional 1,263,000 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Las Vegas Sands by 41.3% in the second quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock valued at $224,246,000 after buying an additional 1,025,607 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its position in shares of Las Vegas Sands by 169.2% in the second quarter. Maverick Capital Ltd. now owns 1,369,589 shares of the casino operator’s stock valued at $87,503,000 after buying an additional 860,856 shares during the last quarter. 37.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Las Vegas Sands Corp. (NYSE LVS) traded down $0.34 on Wednesday, hitting $69.44. The stock had a trading volume of 1,894,200 shares, compared to its average volume of 3,260,015. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $70.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. The company has a market cap of $55,159.69, a price-to-earnings ratio of 25.10 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts expect that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be paid a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.21%. Las Vegas Sands’s payout ratio is 110.19%.

In other Las Vegas Sands news, Director George Jamieson purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the purchase, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.10% of the company’s stock.

LVS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands in a research note on Sunday, September 3rd. Morgan Stanley upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 target price on the stock in a research note on Monday, November 6th. Gabelli increased their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura increased their target price on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $65.31.

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Las Vegas Sands 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 (NYSE:LVS)

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