Las Vegas Sands Corp. (LVS) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 169.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,369,589 shares of the casino operator’s stock after buying an additional 860,856 shares during the period. Las Vegas Sands Corp. comprises approximately 1.1% of Maverick Capital Ltd.’s investment portfolio, making the stock its 29th biggest holding. Maverick Capital Ltd. owned approximately 0.17% of Las Vegas Sands Corp. worth $87,503,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Las Vegas Sands Corp. by 1.6% in the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after buying an additional 322,708 shares during the period. BlackRock Inc. raised its stake in Las Vegas Sands Corp. by 2.3% in the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after buying an additional 365,566 shares during the period. Capital World Investors raised its stake in Las Vegas Sands Corp. 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 period. State Street Corp raised its stake in Las Vegas Sands Corp. by 4.7% in the first quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock valued at $457,878,000 after buying an additional 360,249 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Las Vegas Sands Corp. 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 period. Hedge funds and other institutional investors own 38.01% of the company’s stock.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.510% during trading on Thursday, reaching $65.392. The company’s stock had a trading volume of 1,280,449 shares. The stock’s 50 day moving average is $62.68 and its 200 day moving average is $60.75. The company has a market cap of $51.79 billion, a price-to-earnings ratio of 25.444 and a beta of 1.76. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities analysts expect that Las Vegas Sands Corp. will post $2.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.49%. Las Vegas Sands Corp.’s payout ratio is 113.18%.

LVS has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. Bank of America Corporation restated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Deutsche Bank AG restated a “hold” rating and issued a $54.00 price objective (up previously from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Wells Fargo & Company restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Finally, Zacks Investment Research lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $64.14.

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Las Vegas Sands Corp. 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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