Las Vegas Sands (NYSE:LVS) CEO Robert Goldstein Sells 100,000 Shares

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert Goldstein sold 100,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $70.17, for a total transaction of $7,017,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Las Vegas Sands Stock Performance

LVS stock opened at $66.95 on Thursday. The firm has a 50 day simple moving average of $58.89 and a 200 day simple moving average of $52.37. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $70.45. The stock has a market cap of $45.27 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.88 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.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) 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 the consensus estimate of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. Research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Institutional Trading of Las Vegas Sands

Several large investors have recently made changes to their positions in LVS. Mackenzie Financial Corp increased its holdings in shares of Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after acquiring an additional 156 shares during the last quarter. Westside Investment Management Inc. boosted its position in Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares during the period. Parallel Advisors LLC boosted its position in Las Vegas Sands by 7.8% during the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after purchasing an additional 177 shares during the period. Alps Advisors Inc. grew its holdings in Las Vegas Sands by 2.4% during the third quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock valued at $459,000 after purchasing an additional 197 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its position in shares of Las Vegas Sands by 0.3% in the second quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock valued at $2,697,000 after purchasing an additional 213 shares during the period. Institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group lifted their price objective on Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Morgan Stanley raised their price target on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Argus lifted their price target on Las Vegas Sands from $65.00 to $80.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group increased their price objective on Las Vegas Sands from $57.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus price target of $65.60.

About Las Vegas Sands

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.