48,796 Shares in Las Vegas Sands Corp. $LVS Acquired by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management acquired 48,796 shares of Las Vegas Sands, worth approximately $2.26 million, during the second quarter. Institutional investors collectively own 39.16% of the company.
• Analysts have lowered several price targets, with the consensus rating at “Hold” and a consensus target of $61.88; ratings include 10 Buys, eight Holds, and one Sell.
• Las Vegas Sands missed quarterly earnings and revenue expectations, reporting $0.59 in EPS and $3.15 billion in revenue. The company paid a quarterly dividend of $0.30 per share, equal to a 2.7% annualized yield.

Rakuten Investment Management Inc. acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 48,796 shares of the casino operator's stock, valued at approximately $2,263,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth $26,000. DV Equities LLC bought a new stake in shares of Las Vegas Sands in the fourth quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands in the fourth quarter valued at about $29,000. Wilmington Savings Fund Society FSB lifted its stake in Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock worth $36,000 after acquiring an additional 400 shares during the period. Finally, IFP Advisors Inc lifted its stake in Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator's stock worth $36,000 after acquiring an additional 434 shares during the period. 39.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on LVS shares. Stifel Nicolaus cut their target price on shares of Las Vegas Sands from $74.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Bank of America lowered their price target on shares of Las Vegas Sands from $70.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Las Vegas Sands in a research note on Friday, August 21st. Susquehanna cut their price objective on shares of Las Vegas Sands from $64.00 to $63.00 and set a "positive" rating on the stock in a report on Wednesday, July 22nd. Finally, Barclays reduced their price objective on shares of Las Vegas Sands from $63.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of "Hold" and a consensus price target of $61.88.

Las Vegas Sands Price Performance

LVS opened at $45.22 on Monday. The business's 50-day moving average is $46.41 and its two-hundred day moving average is $50.97. Las Vegas Sands Corp. has a 1 year low of $43.92 and a 1 year high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market capitalization of $29.29 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.11 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The firm had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. Research analysts anticipate that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands's payout ratio is 46.69%.

About Las Vegas Sands

Las Vegas Sands NYSE: LVS is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company's operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company's portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

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