Mitsubishi UFJ Trust & Banking Corp Has $13.31 Million Stock Position in Las Vegas Sands Corp. $LVS

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 61.1% in the third quarter, HoldingsChannel reports. The firm owned 247,500 shares of the casino operator’s stock after buying an additional 93,831 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Las Vegas Sands were worth $13,313,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Total Investment Management Inc. acquired a new stake in shares of Las Vegas Sands in the second quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new position in shares of Las Vegas Sands in the third quarter valued at $33,000. Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands in the second quarter valued at about $41,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $42,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $43,000. Institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LVS shares. Zacks Research cut shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. increased their target price on Las Vegas Sands from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Wells Fargo & Company boosted their price target on Las Vegas Sands from $66.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, January 16th. Stifel Nicolaus upped their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen raised Las Vegas Sands from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.12.

Las Vegas Sands Trading Down 0.8%

Shares of NYSE:LVS opened at $60.38 on Wednesday. The business’s 50 day simple moving average is $64.36 and its 200 day simple moving average is $58.06. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $70.45. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $40.82 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.46 and a beta of 0.97.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the insider directly owned 23,333,441 shares of the company’s stock, valued at $1,576,407,273.96. This represents a 0.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,182,053 shares of company stock valued at $274,336,399. Company insiders own 1.20% of the company’s stock.

About Las Vegas Sands

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.