Las Vegas Sands (NYSE:LVS) Price Target Raised to $75.00 at Seaport Global Securities

Las Vegas Sands (NYSE:LVS) had its price objective hoisted by Seaport Global Securities from $66.00 to $75.00 in a report published on Monday morning,MarketScreener reports. They currently have a buy rating on the casino operator’s stock.

A number of other brokerages have also recently weighed in on LVS. Mizuho upped their price objective 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. Macquarie increased their price target on shares of Las Vegas Sands from $62.00 to $64.00 and gave the company 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 company an “overweight” rating in a report on Thursday, October 23rd. Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Wells Fargo & Company began coverage on shares of Las Vegas Sands in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $66.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.60.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $69.46 on Monday. The firm has a market cap of $46.97 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.62 and a beta of 1.03. The company’s 50 day moving average is $58.31 and its 200 day moving average is $52.08. 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 has a 52-week low of $30.18 and a 52-week high of $70.45.

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 analysts’ consensus estimates of $0.62 by $0.16. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.Las Vegas Sands’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, sell-side analysts anticipate that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Las Vegas Sands’s payout ratio is 45.25%.

Insider Activity at Las Vegas Sands

In related news, EVP D. Zachary Hudson sold 100,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 13,735 shares in the company, valued at $892,637.65. This trade represents a 87.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Randy Hyzak sold 57,545 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $66.45, for a total value of $3,823,865.25. Following the sale, the chief financial officer directly owned 53,499 shares of the company’s stock, valued at approximately $3,555,008.55. This represents a 51.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,157,545 shares of company stock valued at $130,042,065 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

A number of large investors have recently bought and sold shares of LVS. Total Investment Management Inc. purchased a new position in Las Vegas Sands during the 2nd quarter worth approximately $25,000. Westside Investment Management Inc. increased its stake in shares of Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after acquiring an additional 166 shares during the period. Root Financial Partners LLC purchased a new position in shares of Las Vegas Sands during the third quarter worth $33,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 533 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Las Vegas Sands by 37.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors 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.