Mirae Asset Global Investments Co. Ltd. Acquires New Position in Las Vegas Sands Corp. $LVS

Key Points

• Mirae Asset Global Investments acquired a new 77,284-share position in Las Vegas Sands during the third quarter, valued at approximately $2.92 million. Institutional investors own about 39.16% of the company.
• Las Vegas Sands missed quarterly expectations, reporting EPS of $0.54 versus $0.68 expected and revenue of $3.22 billion versus $3.33 billion expected; revenue fell 3.5% year over year.
• Analyst views are mixed: MarketBeat’s consensus rating is “Hold” with a $53.28 average price target, while some firms have cut targets and Zacks Research downgraded the stock to “Strong Sell.”

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 77,284 shares of the casino operator's stock, valued at approximately $2,922,000.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Las Vegas Sands by 6.5% during the second quarter. State Street Corp now owns 15,159,570 shares of the casino operator's stock valued at $700,221,000 after purchasing an additional 919,452 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Las Vegas Sands by 4.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator's stock worth $462,450,000 after buying an additional 396,705 shares during the period. Allianz Asset Management GmbH lifted its position in Las Vegas Sands by 36.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,617,148 shares of the casino operator's stock valued at $213,266,000 after acquiring an additional 1,244,943 shares during the period. Bamco Inc. NY bought a new stake in Las Vegas Sands during the second quarter worth about $174,796,000. Finally, Dimensional Fund Advisors LP grew its holdings in Las Vegas Sands by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator's stock worth $203,616,000 after purchasing an additional 90,690 shares during the period. 39.16% of the stock is owned by institutional investors.

Key Las Vegas Sands News

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

• Positive Sentiment: Despite LVS lagging the broader market over the past year, Wall Street analysts remain moderately optimistic about its prospects, offering a counterpoint to the recent bearish calls. Do Wall Street Analysts Like Las Vegas Sands Stock?
• Negative Sentiment: Zacks Research lowered its earnings forecasts across several quarters through 2028, including reducing its FY2026 EPS estimate from $3.09 to $2.74, and downgraded LVS from “Hold” to “Strong Sell.” The broad revisions suggest weaker earnings expectations and could pressure investor sentiment. Las Vegas Sands analyst and estimate updates
• Negative Sentiment: A recent valuation article highlights a 21% decline in EBITDA and questions whether LVS shares are above fair value, raising concerns about earnings performance and valuation. Is Las Vegas Sands Above Fair Value After EBITDA Fell 21%?

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their price objective on Las Vegas Sands from $54.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research report on Thursday, July 23rd. Argus lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Tuesday, October 20th. Finally, Jefferies Financial Group lowered their target price on Las Vegas Sands from $40.00 to $37.00 and set a "hold" rating on the stock in a research report on Thursday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $53.28.

Las Vegas Sands Trading Down 0.3%

NYSE LVS traded down $0.13 on Friday, hitting $40.79. 7,039,889 shares of the stock were exchanged, compared to its average volume of 6,428,036. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a fifty day moving average price of $39.28 and a two-hundred day moving average price of $48.55. The firm has a market capitalization of $25.57 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.89 and a beta of 0.78. Las Vegas Sands Corp. has a 52-week low of $35.03 and a 52-week high of $70.45.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.14). The company had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.33 billion. Las Vegas Sands had a return on equity of 177.43% and a net margin of 11.85%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. Research analysts forecast that Las Vegas Sands Corp. will post 2.81 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Monday, November 2nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.20 annualized dividend and a yield of 2.9%. Las Vegas Sands's dividend payout ratio is 49.18%.

About Las Vegas Sands

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