Vanguard Group Inc. Purchases 209,589 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Vanguard Group Inc. lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,107,775 shares of the casino operator's stock after buying an additional 209,589 shares during the quarter. Vanguard Group Inc. owned about 4.98% of Las Vegas Sands worth $1,918,472,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. TCTC Holdings LLC lifted its stake in shares of Las Vegas Sands by 6.4% during the 1st quarter. TCTC Holdings LLC now owns 462,358 shares of the casino operator's stock valued at $23,904,000 after buying an additional 27,680 shares in the last quarter. Banco BTG Pactual S.A. lifted its stake in shares of Las Vegas Sands by 563.3% during the 1st quarter. Banco BTG Pactual S.A. now owns 32,325 shares of the casino operator's stock valued at $1,664,000 after buying an additional 27,452 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Las Vegas Sands during the 1st quarter valued at approximately $209,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Las Vegas Sands by 26.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 432,627 shares of the casino operator's stock valued at $22,367,000 after buying an additional 89,263 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of Las Vegas Sands by 21.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 6,450 shares of the casino operator's stock valued at $333,000 after buying an additional 1,160 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LVS has been the topic of a number of recent research reports. Macquarie dropped their price target on shares of Las Vegas Sands from $60.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 9th. Barclays decreased their target price on shares of Las Vegas Sands from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, June 7th. Jefferies Financial Group decreased their target price on shares of Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, July 11th. Morgan Stanley decreased their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, July 12th. Finally, StockNews.com raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

Las Vegas Sands Price Performance

Shares of NYSE:LVS traded up $0.34 during trading on Monday, reaching $41.41. The company had a trading volume of 4,310,151 shares, compared to its average volume of 5,308,527. The company has a fifty day moving average of $44.03 and a two-hundred day moving average of $48.26. The stock has a market capitalization of $30.85 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 0.75 and a beta of 1.12. Las Vegas Sands Corp. has a 12 month low of $40.51 and a 12 month high of $60.47. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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.