Insider Selling: Las Vegas Sands (NYSE:LVS) EVP Sells 100,000 Shares of Stock

Las Vegas Sands Corp. (NYSE:LVS) EVP D. Zachary Hudson sold 100,000 shares of Las Vegas Sands stock in a transaction on Friday, November 7th. The stock was sold at an average price of $64.99, for a total transaction of $6,499,000.00. Following the transaction, the executive vice president directly owned 13,735 shares in the company, valued at approximately $892,637.65. This represents a 87.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Las Vegas Sands Trading Up 1.3%

Shares of LVS traded up $0.86 during trading hours on Monday, reaching $66.07. The stock had a trading volume of 5,559,854 shares, compared to its average volume of 5,620,664. The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $67.40. The firm has a 50-day moving average of $54.46 and a 200 day moving average of $49.00. The company has a market cap of $44.67 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.62 and a beta of 1.03.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

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

Wall Street Analyst Weigh In

LVS has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. Stifel Nicolaus raised their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Barclays boosted their price objective 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. Argus increased their target price on Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. Finally, Bank of America lifted their price target on Las Vegas Sands from $52.50 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $64.13.

Institutional Investors Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Las Vegas Sands by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator’s stock worth $1,874,063,000 after buying an additional 1,822,806 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Las Vegas Sands by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator’s stock valued at $607,373,000 after acquiring an additional 592,321 shares during the last quarter. ARGA Investment Management LP raised its holdings in Las Vegas Sands by 36.8% during the second quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock worth $436,883,000 after acquiring an additional 2,698,398 shares in the last quarter. Invesco Ltd. boosted its position in Las Vegas Sands by 4.9% during the second quarter. Invesco Ltd. now owns 9,902,619 shares of the casino operator’s stock valued at $430,863,000 after purchasing an additional 459,821 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Las Vegas Sands by 0.4% in the second quarter. Geode Capital Management LLC now owns 8,823,966 shares of the casino operator’s stock valued at $382,294,000 after purchasing an additional 31,153 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

About Las Vegas Sands

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.