Las Vegas Sands (NYSE:LVS) CEO Robert Goldstein Sells 360,000 Shares

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert Goldstein sold 360,000 shares of Las Vegas Sands stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $63.05, for a total transaction of $22,698,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Las Vegas Sands Stock Performance

LVS stock traded up $2.34 during mid-day trading on Friday, reaching $65.13. 6,104,280 shares of the stock traded hands, compared to its average volume of 5,620,943. The firm has a market capitalization of $44.04 billion, a PE ratio of 29.47, a P/E/G ratio of 1.62 and a beta of 1.03. The business has a 50-day moving average of $54.31 and a two-hundred day moving average of $48.57. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $65.55. 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 (NYSE:LVS) last posted its quarterly earnings data 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 business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. As a group, equities analysts predict that Las Vegas Sands Corp. will post 2.6 EPS 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. Stockholders of record on Tuesday, November 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is currently 45.25%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho boosted their target price on shares of Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Barclays raised their price target on shares of Las Vegas Sands from $59.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Morgan Stanley upped their price objective on shares of Las Vegas Sands from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Argus lifted their target price on Las Vegas Sands from $60.00 to $65.00 in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.13.

Hedge Funds Weigh In On Las Vegas Sands

A number of hedge funds have recently modified their holdings of the stock. Total Investment Management Inc. bought a new position in shares of Las Vegas Sands in the second quarter worth about $25,000. Westside Investment Management Inc. lifted its holdings in Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Root Financial Partners LLC bought a new position in Las Vegas Sands in the 3rd quarter valued at $33,000. Smartleaf Asset Management LLC boosted its position in Las Vegas Sands by 549.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after buying an additional 533 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Las Vegas Sands by 37.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after buying an additional 239 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

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.