Las Vegas Sands Corp. $LVS Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System cut its stake in Las Vegas Sands by 19.1% in Q4, selling 19,994 shares and now holding 84,645 shares worth $5.51 million.
• CEO Patrick Dumont sold 60,165 shares on March 17 for about $3.29 million (avg $54.75), reducing his ownership by 10.52%, marking significant insider selling.
• Q1 results beat estimates with $3.59B revenue (+25% YoY) and $0.91 EPS, and the company completed a ~$7.3B buyback and announced a $0.30 quarterly dividend, though Macau margin pressure and near‑term spending were flagged as risks.

Arizona State Retirement System cut its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,645 shares of the casino operator's stock after selling 19,994 shares during the period. Arizona State Retirement System's holdings in Las Vegas Sands were worth $5,510,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Mackenzie Financial Corp boosted its position in shares of Las Vegas Sands by 0.3% in the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator's stock worth $2,902,000 after acquiring an additional 156 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator's stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Las Vegas Sands by 7.8% in the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator's stock worth $132,000 after acquiring an additional 177 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Las Vegas Sands by 2.4% in the third quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator's stock worth $459,000 after acquiring an additional 197 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its position in shares of Las Vegas Sands by 5.5% in the third quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator's stock worth $266,000 after acquiring an additional 258 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LVS shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Las Vegas Sands from $77.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday. Wall Street Zen cut shares of Las Vegas Sands from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 14th. Mizuho raised their target price on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an "outperform" rating in a research report on Thursday. Stifel Nicolaus raised their target price on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on shares of Las Vegas Sands from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 16th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.28.

Key Stories Impacting Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Company beat consensus: Q1 revenue ~US$3.59B (≈+25% YoY) and exceeded EPS expectations, driven by strength at Marina Bay Sands and improving Macao operations. LVS Q1 2026 Earnings Call Transcript
• Positive Sentiment: Marina Bay Sands led the quarter: higher-end and non‑gaming demand (VIP and premium customers) materially boosted revenue and EBITDA contribution. Marina Bay Sands Boosts Las Vegas Sands Revenue 28% On VIP Surge
• Positive Sentiment: Capital returns confirmed — company completed a large ~$7.3B repurchase program and announced a quarterly dividend ($0.30), supporting shareholder yield and reducing float. This is a structural positive for per‑share metrics. Las Vegas Sands (LVS) Is Down 8.4% After Strong Q1 Results And Buybacks Completion Has The Bull Case Changed?
• Positive Sentiment: Analyst attention/upgrades: multiple shops adjusted targets (examples: Morgan Stanley raised to $69; Stifel, Mizuho and HSBC lifted targets), indicating continued bullish conviction among some sell‑side firms. Morgan Stanley lifts price target
• Neutral Sentiment: Earnings call highlighted strategic investments (staffing/service improvements) to drive experience and long‑term growth — positive for retention but flagged as near‑term cost. LVS Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Index/visibility move: LVS gained momentum in Russell 1000 spotlight, which may support longer‑term liquidity and institutional interest. Russell 1000 Index Spotlight
• Negative Sentiment: Margin concerns in Macau: adjusted property EBITDA margin declined YoY and management signaled promotional intensity plus near‑term spending (service/staffing) that could compress margins further — key reason for the sell‑off. Macau margin pressure analysis
• Negative Sentiment: Market reaction and forecasts: despite beats, investors treated the print as "good but not good enough" — some firms issued cautious research (including a pessimistic note from Seaport), and heavy insider selling was flagged by data providers. Seaport Research pessimistic forecast

Insider Buying and Selling

In related news, CEO Patrick Dumont sold 60,165 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total value of $3,294,033.75. Following the transaction, the chief executive officer owned 511,942 shares in the company, valued at approximately $28,028,824.50. This trade represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company's stock.

Las Vegas Sands Trading Down 0.1%

NYSE LVS opened at $52.76 on Monday. Las Vegas Sands Corp. has a one year low of $35.43 and a one year high of $70.45. The company's 50 day moving average price is $54.95 and its 200 day moving average price is $59.01. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14. The firm has a market capitalization of $35.01 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.22 and a beta of 0.89.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 112.15%. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $0.59 earnings per share. Las Vegas Sands's revenue for the quarter was up 25.3% compared to the same quarter last year. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 3.31 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 2.3%. Las Vegas Sands's dividend payout ratio (DPR) is presently 44.44%.

Las Vegas Sands Profile

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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