Mirae Asset Global Investments Co. Ltd. Purchases 77,284 Shares of Las Vegas Sands Corp. $LVS

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

Other hedge funds have also recently modified their holdings of the company. Pension & Wealth Management Advisors Inc. increased its stake in Las Vegas Sands by 13.9% during the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 245 shares in the last quarter. Resona Asset Management Co. Ltd. increased its position in shares of Las Vegas Sands by 0.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 92,093 shares of the casino operator’s stock valued at $4,921,000 after acquiring an additional 331 shares during the period. Center for Financial Planning Inc. raised its stake in Las Vegas Sands by 24.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,788 shares of the casino operator’s stock worth $68,000 after acquiring an additional 348 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Las Vegas Sands by 73.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock worth $48,000 after acquiring an additional 375 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Las Vegas Sands by 1.0% during the 1st quarter. Janus Henderson Group PLC now owns 40,491 shares of the casino operator’s stock worth $2,132,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Key Stories Impacting Las Vegas Sands

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 Upgrades and Downgrades

A number of equities research analysts recently commented on LVS shares. Stifel Nicolaus dropped their target price 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. Seaport Research Partners dropped their price objective on shares of Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 30th. Finally, Barclays reduced their target price on shares of Las Vegas Sands from $57.00 to $50.00 and set an “overweight” rating for the company in a 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.28.

Las Vegas Sands Price Performance

NYSE LVS traded down $0.13 during trading hours on Friday, reaching $40.79. The company’s stock had a trading volume of 7,039,889 shares, compared to its average volume of 6,428,036. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 0.89 and a beta of 0.78. Las Vegas Sands Corp. has a 1-year low of $35.03 and a 1-year high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 0.83 and a quick ratio of 0.82. The company’s 50-day moving average is $39.28 and its two-hundred day moving average is $48.55.

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

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, November 2nd. Las Vegas Sands’s payout ratio is currently 49.18%.

Las Vegas Sands Profile