Las Vegas Sands (NYSE:LVS) Director Irwin Chafetz Sells 30,000 Shares

Las Vegas Sands Corp. (NYSE:LVS) Director Irwin Chafetz sold 30,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $69.76, for a total value of $2,092,800.00. Following the completion of the transaction, the director directly owned 70,949 shares in the company, valued at approximately $4,949,402.24. This trade represents a 29.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Las Vegas Sands Stock Down 2.3%

Shares of NYSE:LVS opened at $66.95 on Thursday. The business has a 50-day moving average price of $58.89 and a 200 day moving average price of $52.37. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $70.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. The company has a market capitalization of $45.27 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.88 and a beta of 0.97.

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 net margin of 12.69% and a return on equity of 73.14%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. Sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th were given 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 of this dividend was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is currently 45.25%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Wall Street Zen upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. UBS Group increased their price target 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 upped their target price on shares of 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. Finally, Susquehanna lifted their price target on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.60.

Institutional Trading of Las Vegas Sands

Several institutional investors have recently modified their holdings of LVS. Total Investment Management Inc. purchased a new position in shares of Las Vegas Sands in the 2nd quarter valued at $25,000. Westside Investment Management Inc. increased its position in shares of 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 in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Las Vegas Sands in the 3rd quarter valued at about $33,000. Smartleaf Asset Management LLC boosted its position 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 purchasing an additional 533 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after acquiring an additional 434 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.