Pinnacle Associates Ltd. Sells 13,297 Shares of Las Vegas Sands Corp. $LVS

Posted by Francis Steltz on Aug 15th, 2026

Pinnacle Associates Ltd. decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,187 shares of the casino operator’s stock after selling 13,297 shares during the period. Pinnacle Associates Ltd.’s holdings in Las Vegas Sands were worth $12,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after buying an additional 8,132 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after buying an additional 1,027 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Las Vegas Sands during the 2nd quarter worth $414,000. Finally, Cerity Partners LLC lifted its position in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after buying an additional 7,243 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $46.21 on Friday. The stock’s 50-day moving average is $47.17 and its 200-day moving average is $51.80. Las Vegas Sands Corp. has a 1-year low of $44.21 and a 1-year high of $70.45. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The stock has a market cap of $29.93 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the business earned $0.66 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 46.69%.

Analyst Ratings Changes

A number of research firms have issued reports on LVS. Seaport Research Partners decreased their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Morgan Stanley dropped their target price on shares of Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. The Goldman Sachs Group decreased their price target on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, UBS Group set a $52.00 price objective on shares of Las Vegas Sands in a research report on Thursday, July 2nd. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.88.

Read Our Latest Research Report on LVS

Las Vegas Sands Company Profile

(Free Report)

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.