Skandinaviska Enskilda Banken AB publ lifted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,080 shares of the casino operator’s stock after acquiring an additional 1,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Las Vegas Sands were worth $2,572,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Stephens Inc. AR raised its stake in shares of Las Vegas Sands by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after acquiring an additional 31 shares in the last quarter. Baldwin Investment Management LLC raised its stake in shares of Las Vegas Sands by 0.6% in the 2nd quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock valued at $414,000 after acquiring an additional 40 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Las Vegas Sands by 0.4% in the 2nd quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after acquiring an additional 94 shares in the last quarter. High Pointe Capital Management LLC raised its stake in shares of Las Vegas Sands by 0.6% in the 2nd quarter. High Pointe Capital Management LLC now owns 19,810 shares of the casino operator’s stock valued at $1,266,000 after acquiring an additional 110 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in shares of Las Vegas Sands by 8.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after acquiring an additional 126 shares in the last quarter. 37.47% of the stock is currently owned by institutional investors and hedge funds.

LVS has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands in a research note on Sunday, September 3rd. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Friday, October 13th. Roth Capital began coverage on Las Vegas Sands in a research report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target on the stock. Morgan Stanley lifted their price target on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank lifted their price target on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Las Vegas Sands has a consensus rating of “Buy” and an average price target of $65.31.

Las Vegas Sands Corp. (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. The company has a market capitalization of $55,159.69, a PE ratio of 25.10 and a beta of 1.80. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $70.46.

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

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

In other news, Director George Jamieson acquired 1,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.10% of the company’s stock.

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Las Vegas Sands 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.

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

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