Mirae Asset Global Investments Co. Ltd. Has $1.27 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 42.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,916 shares of the casino operator’s stock after acquiring an additional 7,423 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Las Vegas Sands were worth $1,274,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC lifted its position in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares during the last quarter. Bank & Trust Co acquired a new stake in Las Vegas Sands during the second quarter worth approximately $29,000. Fidelis Capital Partners LLC bought a new position in shares of Las Vegas Sands during the first quarter worth approximately $43,000. GAMMA Investing LLC increased its holdings in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LVS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Barclays raised their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Morgan Stanley raised their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. UBS Group cut shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $49.00 in a report on Friday, August 23rd. Finally, StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.92.

Las Vegas Sands Stock Performance

NYSE LVS opened at $51.85 on Friday. The firm’s fifty day moving average price is $46.38 and its two-hundred day moving average price is $44.49. The stock has a market cap of $38.18 billion, a PE ratio of 25.67, a PEG ratio of 1.49 and a beta of 1.12. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. On average, equities analysts expect that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. Las Vegas Sands’s payout ratio is presently 39.60%.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares in the company, valued at approximately $4,540,776.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

About Las Vegas Sands

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.