US Bancorp DE raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,297 shares of the casino operator’s stock after purchasing an additional 2,720 shares during the quarter. US Bancorp DE’s holdings in Las Vegas Sands were worth $1,813,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. McDonald Partners LLC grew its stake in Las Vegas Sands by 0.7% during the 3rd quarter. McDonald Partners LLC now owns 54,206 shares of the casino operator’s stock valued at $2,034,000 after purchasing an additional 363 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in shares of Las Vegas Sands by 3.4% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 11,172 shares of the casino operator’s stock worth $375,000 after acquiring an additional 372 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Las Vegas Sands by 4.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,867 shares of the casino operator’s stock worth $333,000 after acquiring an additional 406 shares in the last quarter. Hartford Investment Management Co. grew its position in shares of Las Vegas Sands by 1.4% in the 2nd quarter. Hartford Investment Management Co. now owns 32,763 shares of the casino operator’s stock worth $1,101,000 after acquiring an additional 440 shares in the last quarter. Finally, Toroso Investments LLC grew its position in shares of Las Vegas Sands by 5.2% in the 1st quarter. Toroso Investments LLC now owns 9,348 shares of the casino operator’s stock worth $363,000 after acquiring an additional 458 shares in the last quarter. Institutional investors and hedge funds own 39.75% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on LVS shares. Wells Fargo & Company lifted their target price on Las Vegas Sands from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Bank of America raised their price target on Las Vegas Sands from $46.00 to $52.00 in a report on Wednesday, January 4th. StockNews.com started coverage on Las Vegas Sands in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. Citigroup raised their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 20th. Finally, Barclays raised their price target on Las Vegas Sands from $43.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.18.
Las Vegas Sands Stock Up 2.7 %
Las Vegas Sands (NYSE:LVS – Get Rating) last posted its quarterly earnings data on Wednesday, October 19th. The casino operator reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). Las Vegas Sands had a net margin of 46.94% and a negative return on equity of 25.33%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted ($0.45) EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities analysts predict that Las Vegas Sands Corp. will post -1.19 EPS for the current fiscal year.
Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.
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