Las Vegas Sands (NYSE:LVS) Price Target Raised to $71.00

Las Vegas Sands (NYSE:LVS) had its target price hoisted by JPMorgan Chase & Co. from $70.00 to $71.00 in a research report sent to investors on Friday,MarketScreener reports. They currently have an overweight rating on the casino operator’s stock.

Several other equities analysts have also weighed in on the company. Susquehanna lifted their price objective on Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company raised their price target on shares of Las Vegas Sands from $66.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, January 16th. Seaport Research Partners reduced their price target on shares of Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, January 16th. Finally, Barclays raised their target price on shares of Las Vegas Sands from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average target price of $69.12.

Las Vegas Sands Stock Down 0.0%

Shares of NYSE LVS opened at $59.93 on Friday. The stock has a market capitalization of $40.52 billion, a PE ratio of 27.12, a P/E/G ratio of 1.44 and a beta of 0.97. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The firm has a fifty day moving average of $64.54 and a 200-day moving average of $57.91. Las Vegas Sands has a 52-week low of $30.18 and a 52-week high of $70.45.

Insider Buying and Selling at Las Vegas Sands

In other news, COO Patrick Dumont sold 210,305 shares of Las Vegas Sands stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $69.96, for a total transaction of $14,712,937.80. Following the sale, the chief operating officer directly owned 446,608 shares of the company’s stock, valued at approximately $31,244,695.68. The trade was a 32.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP D. Zachary Hudson sold 100,000 shares of Las Vegas Sands stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $64.99, for a total value of $6,499,000.00. Following the sale, the executive vice president owned 13,735 shares in the company, valued at $892,637.65. This represents a 87.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,882,053 shares of company stock valued at $315,552,399 in the last ninety days. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LVS. Total Investment Management Inc. acquired a new stake in shares of Las Vegas Sands in the 2nd quarter valued at about $25,000. Grove Bank & Trust acquired a new stake in Las Vegas Sands during the fourth quarter valued at approximately $26,000. 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 during the last quarter. Root Financial Partners LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter worth approximately $33,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 533 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

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.