Nomura Asset Management Co. Ltd. Sells 100,374 Shares of Las Vegas Sands Corp. $LVS

Nomura Asset Management Co. Ltd. cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 45.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,438 shares of the casino operator’s stock after selling 100,374 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Las Vegas Sands were worth $5,327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $183,836,000. ARGA Investment Management LP boosted its stake in shares of Las Vegas Sands by 36.8% in the 2nd quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock valued at $436,883,000 after purchasing an additional 2,698,398 shares during the last quarter. Vanguard Group Inc. grew its holdings in Las Vegas Sands by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator’s stock worth $1,593,457,000 after acquiring an additional 2,267,307 shares during the period. Carrhae Capital LLP acquired a new stake in shares of Las Vegas Sands during the 2nd quarter worth approximately $41,849,000. Finally, Invesco Ltd. increased its stake in shares of Las Vegas Sands by 9.1% in the 1st quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator’s stock valued at $364,775,000 after acquiring an additional 790,952 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, EVP D. Zachary Hudson sold 100,000 shares of Las Vegas Sands stock in a transaction on Friday, November 7th. The shares were sold at an average price of $64.99, for a total transaction of $6,499,000.00. Following the transaction, the executive vice president directly owned 13,735 shares of the company’s stock, valued at $892,637.65. The trade was a 87.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 700,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $58.88, for a total transaction of $41,216,000.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,100,000 shares of company stock worth $126,218,200. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LVS. Macquarie increased their target price on shares of Las Vegas Sands from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Stifel Nicolaus raised their target price on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Argus upped their price target on Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Wells Fargo & Company started coverage on Las Vegas Sands in a report on Tuesday. They issued an “equal weight” rating and a $66.00 price target on the stock. Finally, Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.60.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $64.29 on Friday. The stock has a market cap of $43.47 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.62 and a beta of 1.03. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.21 and a current ratio of 0.89. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $67.83. The firm’s 50-day simple moving average is $56.51 and its 200 day simple moving average is $50.80.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. As a group, 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 business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is presently 45.25%.

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.