Insider Selling: Las Vegas Sands (NYSE:LVS) COO Sells $1,196,767.44 in Stock

Las Vegas Sands Corp. (NYSE:LVS) COO Patrick Dumont sold 17,352 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $68.97, for a total value of $1,196,767.44. Following the sale, the chief operating officer owned 446,608 shares in the company, valued at approximately $30,802,553.76. The trade was a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Patrick Dumont also recently made the following trade(s):

• On Wednesday, December 3rd, Patrick Dumont sold 135,603 shares of Las Vegas Sands stock. The stock was sold at an average price of $67.96, for a total value of $9,215,579.88.
• On Monday, December 1st, Patrick Dumont sold 210,305 shares of Las Vegas Sands stock. The shares were sold at an average price of $69.96, for a total value of $14,712,937.80.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $66.27 on Friday. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve 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 cap of $44.80 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. The company’s 50 day moving average is $59.40 and its 200 day moving average is $52.63.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) 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 firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the company posted $0.44 earnings per share. The firm’s revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced 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 yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is 45.25%.

Hedge Funds Weigh In On Las Vegas Sands

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Total Investment Management Inc. acquired a new position in Las Vegas Sands during the second quarter worth about $25,000. Westside Investment Management Inc. lifted its stake in 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 purchasing an additional 166 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $33,000. Smartleaf Asset Management LLC grew its position in shares of Las Vegas Sands by 549.5% in the third 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 in the last quarter. Finally, IFP Advisors Inc increased 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 purchasing an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of analyst reports. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Seaport Global Securities raised their price target on shares of Las Vegas Sands from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Zacks Research raised shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Susquehanna increased their price target on Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Argus boosted their price objective on Las Vegas Sands from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.60.

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.