Mirae Asset Global Investments Co. Ltd. Purchases 2,899 Shares of Las Vegas Sands Corp. $LVS

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,904 shares of the casino operator’s stock after acquiring an additional 2,899 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Las Vegas Sands were worth $1,823,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after acquiring an additional 239 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Las Vegas Sands by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock valued at $59,000 after acquiring an additional 476 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Las Vegas Sands by 27.4% during the 2nd quarter. Parallel Advisors LLC now owns 2,272 shares of the casino operator’s stock valued at $99,000 after acquiring an additional 488 shares during the last quarter. Empirical Finance LLC boosted its holdings in shares of Las Vegas Sands by 4.8% during the 1st quarter. Empirical Finance LLC now owns 11,686 shares of the casino operator’s stock valued at $451,000 after acquiring an additional 532 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in shares of Las Vegas Sands by 3.7% during the 1st quarter. Belpointe Asset Management LLC now owns 15,006 shares of the casino operator’s stock valued at $580,000 after acquiring an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Las Vegas Sands from $52.50 to $58.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Citigroup restated a “buy” rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of Las Vegas Sands in a research report on Wednesday. Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Finally, Macquarie boosted their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average price target of $60.20.

Las Vegas Sands Trading Up 2.8%

Las Vegas Sands stock opened at $53.25 on Thursday. The stock has a market cap of $36.55 billion, a P/E ratio of 26.89, a PEG ratio of 1.87 and a beta of 1.01. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $58.05. The firm’s 50 day moving average price is $53.94 and its 200-day moving average price is $45.64.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. On average, equities analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands’s payout ratio is currently 50.51%.

About Las Vegas Sands

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.