Pictet & Cie Europe SA Invests $1.04 Million in Las Vegas Sands Corp. (LVS) Stock

Pictet & Cie Europe SA acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,211 shares of the casino operator’s stock, valued at approximately $1,040,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Management Co. LLC raised its holdings in Las Vegas Sands Corp. 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 buying an additional 126 shares during the last quarter. Ffcm LLC raised its holdings in Las Vegas Sands Corp. by 90.9% in the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after buying an additional 1,160 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Las Vegas Sands Corp. by 24.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after buying an additional 510 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Las Vegas Sands Corp. by 143.6% in the 2nd 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 during the last quarter. Finally, Lee Financial Co raised its holdings in Las Vegas Sands Corp. by 1.4% in the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 38.24% of the company’s stock.

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Several research firms have issued reports on LVS. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Sunday, September 3rd. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, November 8th. Deutsche Bank AG raised their price target on shares of Las Vegas Sands Corp. from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Nomura raised their price target on shares of Las Vegas Sands Corp. from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Finally, Telsey Advisory Group raised their price target on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $65.31.

In other news, Director George Jamieson acquired 1,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $66.96 per share, with a total value of $66,960.00. Following the acquisition, the director now directly owns 6,488 shares of the company’s stock, valued at $434,436.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. 10.10% of the stock is owned by insiders.

Las Vegas Sands Corp. (LVS) traded down $0.11 on Friday, reaching $66.57. 769,231 shares of the company’s stock were exchanged, compared to its average volume of 3,100,000. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The stock has a market cap of $52,620.00, a P/E ratio of 23.83 and a beta of 1.78. Las Vegas Sands Corp. has a 1 year low of $51.35 and a 1 year high of $68.41.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio is 110.19%.

About Las Vegas Sands Corp.

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 Corp. (NYSE:LVS)

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