Las Vegas Sands (NYSE:LVS) CEO Robert Goldstein Sells 51,350 Shares

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert Goldstein sold 51,350 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $67.58, for a total transaction of $3,470,233.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Las Vegas Sands Stock Performance

Shares of LVS traded up $0.46 during trading hours on Thursday, reaching $66.95. 4,812,968 shares of the company traded hands, compared to its average volume of 5,598,258. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. The stock’s fifty day moving average is $61.50 and its 200 day moving average is $54.17. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45. The stock has a market cap of $45.27 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.16. The firm had revenue of $3.33 billion for 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%.The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. Equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Las Vegas Sands’s payout ratio is currently 45.25%.

Hedge Funds Weigh In On Las Vegas Sands

Several institutional investors have recently added to or reduced their stakes in LVS. Vanguard Group Inc. boosted its position in Las Vegas Sands by 4.4% in the second quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator’s stock valued at $1,874,063,000 after buying an additional 1,822,806 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Las Vegas Sands by 3.9% in 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 acquiring an additional 592,321 shares during the last quarter. ARGA Investment Management LP raised its stake in shares of Las Vegas Sands by 36.8% in 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 acquiring an additional 2,698,398 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Las Vegas Sands by 4.9% in the 2nd quarter. Invesco Ltd. now owns 9,902,619 shares of the casino operator’s stock worth $430,863,000 after acquiring an additional 459,821 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Las Vegas Sands by 0.4% during 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. 39.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on LVS. Macquarie raised their target price on Las Vegas Sands from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Susquehanna increased their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Argus raised their price objective on shares of Las Vegas Sands from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Morgan Stanley upped their target price on shares of Las Vegas Sands from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Finally, Zacks Research raised shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus target price of $67.52.

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.