Riverpark Capital Management LLC boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 15.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 474,060 shares of the casino operator’s stock after buying an additional 61,713 shares during the period. Las Vegas Sands Corp. makes up approximately 3.5% of Riverpark Capital Management LLC’s portfolio, making the stock its 10th largest position. Riverpark Capital Management LLC’s holdings in Las Vegas Sands Corp. were worth $30,288,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LVS. Global X Management Co. LLC raised its stake in Las Vegas Sands Corp. by 8.3% in the second 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 in the last quarter. TrimTabs Asset Management LLC raised its stake in Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock valued at $105,000 after buying an additional 864 shares in the last quarter. Financial Architects Inc raised its stake in Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock valued at $107,000 after buying an additional 1,300 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Las Vegas Sands Corp. during the first quarter valued at about $119,000. Finally, Nikko Asset Management Americas Inc. purchased a new stake in Las Vegas Sands Corp. during the first quarter valued at about $154,000. 38.52% of the stock is owned by institutional investors.

Shares of Las Vegas Sands Corp. (LVS) opened at 60.79 on Tuesday. The company has a 50-day moving average price of $61.96 and a 200-day moving average price of $58.38. The company has a market capitalization of $48.15 billion, a P/E ratio of 23.65 and a beta of 1.81. Las Vegas Sands Corp. has a 12 month low of $49.89 and a 12 month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, analysts forecast that Las Vegas Sands Corp. will post $2.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued a $0.73 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.80%. Las Vegas Sands Corp.’s dividend payout ratio is presently 113.18%.

COPYRIGHT VIOLATION WARNING: “Riverpark Capital Management LLC Has $30.29 Million Stake in Las Vegas Sands Corp. (LVS)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.watchlistnews.com/riverpark-capital-management-llc-has-30-29-million-stake-in-las-vegas-sands-corp-lvs/1491384.html.

Several research firms recently issued reports on LVS. Zacks Investment Research lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 target price (up from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 target price (up from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Telsey Advisory Group increased their target price 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. Finally, Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $61.32 target price for the company. in a report on Wednesday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Las Vegas Sands Corp. presently has an average rating of “Buy” and an average price target of $63.10.

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.

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).

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

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.