Miriam Adelson Sells 77,991 Shares of Las Vegas Sands (NYSE:LVS) Stock

Las Vegas Sands Corp. (NYSE:LVS) major shareholder Miriam Adelson sold 77,991 shares of Las Vegas Sands stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $67.56, for a total value of $5,269,071.96. Following the transaction, the insider owned 23,333,441 shares of the company’s stock, valued at $1,576,407,273.96. The trade was a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $66.44 on Thursday. The company has a market capitalization of $44.92 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. The company’s fifty day moving average price is $61.50 and its 200 day moving average price is $54.17. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced 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 business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the company posted $0.44 EPS. The business’s quarterly revenue was up 24.2% on a year-over-year basis. On average, research 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 announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th were given 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 payout ratio is currently 45.25%.

Analyst Ratings Changes

LVS has been the subject of a number of research reports. Argus lifted their price objective on shares of Las Vegas Sands from $65.00 to $80.00 and gave the company a “buy” rating in a report on Monday, December 1st. Mizuho boosted their target price on Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. UBS Group raised their price objective on Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Wells Fargo & Company initiated coverage on shares of Las Vegas Sands in a research report on Tuesday, November 18th. They issued an “equal weight” rating and a $66.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average target price of $67.52.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LVS. Total Investment Management Inc. purchased a new stake in Las Vegas Sands during the 2nd quarter worth $25,000. Westside Investment Management Inc. grew its position in shares of Las Vegas Sands by 48.0% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after acquiring an additional 166 shares in the last quarter. Root Financial Partners LLC bought a new stake in Las Vegas Sands during the third quarter valued at $33,000. Smartleaf Asset Management LLC raised its stake in Las Vegas Sands by 549.5% during the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after acquiring an additional 533 shares during the period. Finally, IFP Advisors Inc increased its position in Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after buying an additional 434 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

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.