Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 18.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,005 shares of the casino operator's stock after acquiring an additional 6,057 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Las Vegas Sands were worth $1,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LVS. Achmea Investment Management B.V. grew its holdings in shares of Las Vegas Sands by 55.4% in the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator's stock valued at $1,213,000 after purchasing an additional 11,197 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Las Vegas Sands by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator's stock valued at $139,000 after purchasing an additional 1,822 shares during the last quarter. Wealthquest Corp purchased a new position in shares of Las Vegas Sands in the 1st quarter worth $565,000. Lecap Asset Management Ltd. bought a new stake in shares of Las Vegas Sands in the 1st quarter worth about $759,000. Finally, Penn Davis Mcfarland Inc. increased its holdings in shares of Las Vegas Sands by 2.3% in the 1st quarter. Penn Davis Mcfarland Inc. now owns 413,071 shares of the casino operator's stock worth $15,957,000 after buying an additional 9,414 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the subject of several recent research reports. Mizuho set a $47.00 price target on Las Vegas Sands in a research report on Thursday, April 24th. The Goldman Sachs Group assumed coverage on Las Vegas Sands in a research report on Monday. They issued a "neutral" rating and a $52.00 price target for the company. Morgan Stanley cut their price objective on shares of Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus set a $57.00 target price on shares of Las Vegas Sands and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Macquarie dropped their price target on shares of Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.31.

Las Vegas Sands Stock Down 0.4%

Las Vegas Sands stock traded down $0.19 during mid-day trading on Monday, reaching $48.03. 2,018,770 shares of the company were exchanged, compared to its average volume of 5,866,200. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $33.94 billion, a P/E ratio of 26.70, a PEG ratio of 1.70 and a beta of 1.03. The business has a fifty day moving average of $41.46 and a 200 day moving average of $42.19. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $56.61.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a net margin of 11.64% and a return on equity of 44.91%. Las Vegas Sands's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Tuesday, May 6th. Las Vegas Sands's dividend payout ratio (DPR) is presently 55.56%.

Las Vegas Sands declared that its board has initiated a stock buyback plan on Wednesday, April 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the casino operator to reacquire up to 8.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Las Vegas Sands Profile

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.