Las Vegas Sands (NYSE:LVS) CEO Robert Goldstein Sells 382,905 Shares

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert Goldstein sold 382,905 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $66.39, for a total value of $25,421,062.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Las Vegas Sands Trading Down 1.5%

Shares of LVS stock opened at $65.23 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $70.45. The company’s 50-day moving average price is $60.63 and its 200-day moving average price is $53.54. The stock has a market cap of $44.10 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.80 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. Las Vegas Sands’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. As a group, equities analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were issued a $0.25 dividend. The ex-dividend date was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Las Vegas Sands’s dividend payout ratio is currently 45.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Barclays upped their target price on shares of Las Vegas Sands from $59.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Seaport Global Securities lifted their price target on shares of Las Vegas Sands from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Susquehanna upped their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average target price of $65.80.

Hedge Funds Weigh In On Las Vegas Sands

Several institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Las Vegas Sands by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,153,220 shares of the casino operator’s stock valued at $83,179,000 after purchasing an additional 15,158 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Las Vegas Sands by 10.9% in the 1st quarter. Public Sector Pension Investment Board now owns 45,175 shares of the casino operator’s stock valued at $1,745,000 after buying an additional 4,427 shares during the period. HighTower Advisors LLC grew its position in shares of Las Vegas Sands by 47.5% during the first quarter. HighTower Advisors LLC now owns 568,557 shares of the casino operator’s stock worth $21,963,000 after buying an additional 183,203 shares in the last quarter. Resona Asset Management Co. Ltd. grew its position in shares of Las Vegas Sands by 7.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 112,784 shares of the casino operator’s stock worth $4,349,000 after buying an additional 7,639 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Las Vegas Sands by 4.7% during the first quarter. Russell Investments Group Ltd. now owns 88,583 shares of the casino operator’s stock worth $3,422,000 after buying an additional 3,984 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Company 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.