Mirae Asset Global Investments Co. Ltd. Has $1.49 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,005 shares of the casino operator's stock after buying 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LVS. Achmea Investment Management B.V. boosted its holdings in 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 during the last quarter. Golden State Wealth Management LLC boosted its holdings in Las Vegas Sands by 103.2% in 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 Las Vegas Sands in the first quarter valued at about $565,000. Lecap Asset Management Ltd. purchased a new position in Las Vegas Sands in the first quarter valued at about $759,000. Finally, Penn Davis Mcfarland Inc. lifted its holdings in Las Vegas Sands by 2.3% during 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. Hedge funds and other institutional investors own 39.16% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on LVS shares. JPMorgan Chase & Co. started coverage on Las Vegas Sands in a report on Monday, June 23rd. They set a "neutral" rating and a $47.00 target price on the stock. Hsbc Global Res raised Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group began coverage on Las Vegas Sands in a report on Monday. They set a "neutral" rating and a $52.00 target price on the stock. Barclays lowered their target price on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price target on Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average target price of $55.31.

Las Vegas Sands Stock Up 0.3%

Shares of Las Vegas Sands stock traded up $0.14 during midday trading on Monday, hitting $48.36. The company's stock had a trading volume of 5,285,191 shares, compared to its average volume of 5,878,610. The firm has a market capitalization of $34.17 billion, a P/E ratio of 26.87, a PEG ratio of 1.70 and a beta of 1.03. The stock has a 50-day simple moving average of $41.70 and a 200-day simple moving average of $42.16. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $56.61.

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

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th were given a $0.25 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.07%. Las Vegas Sands's dividend payout ratio (DPR) is presently 55.56%.

Las Vegas Sands announced that its board has initiated a share repurchase plan on Wednesday, April 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the casino operator to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are 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.