NN Investment Partners Holdings N.V. decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 36.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 423,008 shares of the casino operator’s stock after selling 244,700 shares during the period. NN Investment Partners Holdings N.V. owned approximately 0.05% of Las Vegas Sands worth $24,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LVS. Norges Bank purchased a new stake in Las Vegas Sands during the fourth quarter valued at about $229,684,000. Assenagon Asset Management S.A. raised its position in Las Vegas Sands by 356.4% during the first quarter. Assenagon Asset Management S.A. now owns 440,958 shares of the casino operator’s stock valued at $26,881,000 after purchasing an additional 344,341 shares in the last quarter. BlackRock Inc. raised its position in Las Vegas Sands by 1.9% during the first quarter. BlackRock Inc. now owns 17,852,221 shares of the casino operator’s stock valued at $1,088,272,000 after purchasing an additional 334,937 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Las Vegas Sands by 181.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 501,467 shares of the casino operator’s stock valued at $33,047,000 after purchasing an additional 323,012 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in Las Vegas Sands by 113.6% during the first quarter. Neuberger Berman Group LLC now owns 415,994 shares of the casino operator’s stock valued at $25,359,000 after purchasing an additional 221,214 shares in the last quarter. Institutional investors and hedge funds own 36.32% of the company’s stock.

Shares of LVS traded up $1.07 during trading hours on Tuesday, hitting $65.06. The company had a trading volume of 215,824 shares, compared to its average volume of 3,070,187. The firm has a market cap of $49.58 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 8.47 and a beta of 1.52. The company’s 50 day moving average is $59.99. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 1.85. Las Vegas Sands Corp. has a 52-week low of $47.39 and a 52-week high of $76.10.

LVS has been the topic of a number of research reports. Goldman Sachs Group upgraded Las Vegas Sands to a “buy” rating in a research report on Tuesday, June 11th. Jefferies Financial Group raised their price target on Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Stifel Nicolaus lifted their price objective on Las Vegas Sands from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. set a €8.75 ($10.17) price objective on Commerzbank and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $64.00 price objective (up previously from $58.00) on shares of Las Vegas Sands in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Las Vegas Sands presently has an average rating of “Hold” and an average target price of $68.46.

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 Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

Further Reading: Call Option

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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