Nomura Asset Management Co. Ltd. Increases Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Nomura Asset Management Co. Ltd. grew its stake in Las Vegas Sands Corp. (NYSE:LVS) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,908 shares of the casino operator’s stock after acquiring an additional 9,069 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Las Vegas Sands were worth $5,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC grew its holdings in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after buying an additional 437 shares during the period. GAMMA Investing LLC lifted its holdings in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. Finally, Vestor Capital LLC acquired a new stake in Las Vegas Sands during the third quarter worth $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LVS shares. Stifel Nicolaus increased their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley raised their price target on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Mizuho boosted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company raised their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.42.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now directly owns 84,511 shares in the company, valued at approximately $4,540,776.03. This trade represents a 58.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,732 shares of company stock valued at $10,861,707. 0.91% of the stock is owned by corporate insiders.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $53.87 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The company has a fifty day simple moving average of $51.85 and a 200-day simple moving average of $45.61. The stock has a market cap of $39.06 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.49%. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

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.