New York State Common Retirement Fund Sells 414,400 Shares of Las Vegas Sands Corp. $LVS

New York State Common Retirement Fund trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 38.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658,027 shares of the casino operator’s stock after selling 414,400 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Las Vegas Sands worth $35,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LVS. Horizon Kinetics Asset Management LLC raised its holdings in shares of Las Vegas Sands by 0.3% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock valued at $2,697,000 after purchasing an additional 213 shares in the last quarter. Harbour Investments Inc. grew its holdings in Las Vegas Sands by 21.4% in the second quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock worth $61,000 after purchasing an additional 247 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Las Vegas Sands by 1.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 18,189 shares of the casino operator’s stock worth $791,000 after buying an additional 273 shares during the last quarter. Center for Financial Planning Inc. grew its stake in shares of Las Vegas Sands by 31.3% during the second quarter. Center for Financial Planning Inc. now owns 1,440 shares of the casino operator’s stock worth $63,000 after acquiring an additional 343 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Las Vegas Sands by 7.1% during the 3rd quarter. Ballentine Partners LLC now owns 5,300 shares of the casino operator’s stock worth $285,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 1,198,650 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total transaction of $79,925,982.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Miriam Adelson sold 77,991 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the transaction, the insider owned 23,333,441 shares in the company, valued at $1,576,407,273.96. The trade was a 0.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,582,053 shares of company stock worth $238,846,399 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Seaport Research Partners decreased their target price on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Argus lifted their price objective on shares of Las Vegas Sands from $65.00 to $80.00 and gave the company a “buy” rating in a report on Monday, December 1st. Macquarie restated an “outperform” rating and issued a $70.00 price objective on shares of Las Vegas Sands in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Las Vegas Sands from $76.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.23.

Trending Headlines about Las Vegas Sands

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

• Positive Sentiment: Q4 beat on revenue and EPS, driven by record Marina Bay Sands EBITDA — this supports the company’s top-line momentum and underpins analyst upside revisions. Reuters: Quarterly profit rises
• Positive Sentiment: Management declared a 20% higher quarterly dividend ($0.30), raising the yield (~2.3%) and returning cash to shareholders — a tangible near-term support for the stock. Dividend announcement
• Positive Sentiment: Several brokers raised price targets or reiterated bullish ratings after the quarter (Deutsche Bank to $77, HSBC to $73, Macquarie reaffirmed Outperform), signaling analyst conviction in recovery potential. Benzinga: analyst reactions
• Neutral Sentiment: Goldman reduced its target from $80 to $73 but kept a Buy rating; Stifel trimmed its target to $72 while maintaining Buy — these are adjustments to reflect Q4 details but still leave sizable upside in consensus targets. MarketScreener: Goldman adjustment
• Negative Sentiment: Macao EBITDA margins fell meaningfully (reported ~390 bps decline), and management signaled margin recovery is a focus — the margin miss triggered a large sell-off and renewed concern about competitive pressure and market concentration in Macau. Forbes: Macao margin miss
• Negative Sentiment: Press pieces highlight a “Macau problem” and concentration risk — combined coverage (Barron’s, WSJ, Motley Fool) amplified investor selling despite the quarter’s headline beat. Barron’s: Macau problem

Las Vegas Sands Price Performance

LVS opened at $52.75 on Friday. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.27 and a beta of 0.97. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $70.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. The stock’s 50-day moving average price is $63.86 and its 200 day moving average price is $58.06.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.08. Las Vegas Sands had a return on equity of 87.01% and a net margin of 12.50%.The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Monday, February 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, February 9th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio (DPR) is presently 51.28%.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.