Robert Goldstein Sells 734,511 Shares of Las Vegas Sands (NYSE:LVS) Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert Goldstein sold 734,511 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $66.80, for a total value of $49,065,334.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Las Vegas Sands Trading Down 1.3%

NYSE LVS opened at $66.41 on Thursday. The stock has a market cap of $44.90 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $70.45. The stock has a 50 day simple moving average of $61.50 and a two-hundred day simple moving average of $54.17. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th were 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 was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LVS. Seaport Global Securities increased their price target on shares of Las Vegas Sands from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. UBS Group upped their target price on Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Mizuho raised their target price on Las Vegas Sands from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded Las Vegas Sands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Las Vegas Sands in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.52.

Hedge Funds Weigh In On Las Vegas Sands

A number of hedge funds have recently bought and sold shares of LVS. Vanguard Group Inc. increased its stake in 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 valued at $1,874,063,000 after purchasing an additional 1,822,806 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Las Vegas Sands by 3.9% during 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 buying an additional 592,321 shares during the last quarter. ARGA Investment Management LP grew its holdings in shares of 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 valued at $436,883,000 after buying an additional 2,698,398 shares during the last quarter. Invesco Ltd. increased its position in shares of 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 acquiring an additional 459,821 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Las Vegas Sands by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 8,823,966 shares of the casino operator’s stock worth $382,294,000 after acquiring an additional 31,153 shares during the last quarter. 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.