FIL Ltd bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 85,003 shares of the casino operator’s stock, valued at approximately $5,066,000.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Las Vegas Sands by 3.1% during the 4th quarter. BlackRock Inc. now owns 19,516,376 shares of the casino operator’s stock worth $1,163,177,000 after buying an additional 583,234 shares during the last quarter. Boston Partners increased its stake in Las Vegas Sands by 16.4% during the fourth quarter. Boston Partners now owns 5,373,894 shares of the casino operator’s stock worth $320,284,000 after acquiring an additional 757,258 shares during the last quarter. Victory Capital Management Inc. raised its position in Las Vegas Sands by 28.1% in the fourth quarter. Victory Capital Management Inc. now owns 4,036,393 shares of the casino operator’s stock valued at $240,568,000 after purchasing an additional 886,133 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Las Vegas Sands by 22.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 3,847,866 shares of the casino operator’s stock valued at $179,542,000 after purchasing an additional 713,019 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Las Vegas Sands by 6.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,014,877 shares of the casino operator’s stock worth $179,687,000 after purchasing an additional 185,346 shares during the period. 37.30% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:LVS opened at $61.74 on Tuesday. Las Vegas Sands Corp. has a 52 week low of $33.30 and a 52 week high of $63.56. The company’s 50 day moving average is $55.00 and its two-hundred day moving average is $52.71. The company has a market cap of $47.16 billion, a PE ratio of -62.36 and a beta of 1.35. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 3.60.
A number of research analysts have commented on LVS shares. Morgan Stanley upped their target price on shares of Las Vegas Sands from $52.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 20th. Bank of America lowered shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Monday, February 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Las Vegas Sands from $58.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, December 3rd. HSBC cut their target price on Las Vegas Sands from $55.20 to $53.50 and set a “hold” rating on the stock in a research report on Thursday, January 28th. Finally, Macquarie raised their price target on Las Vegas Sands from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Las Vegas Sands has a consensus rating of “Buy” and an average target price of $55.53.
About Las Vegas Sands
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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