Las Vegas Sands (NYSE:LVS) CEO Sells $22,698,000.00 in Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert Goldstein sold 360,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $63.05, for a total value of $22,698,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Las Vegas Sands Price Performance

NYSE:LVS opened at $65.13 on Monday. The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The business’s 50-day moving average price is $54.46 and its 200 day moving average price is $49.00. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $65.55. The firm has a market cap of $44.04 billion, a P/E ratio of 29.47, a PEG ratio of 1.62 and a beta of 1.03.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating 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%. Las Vegas Sands’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

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

Analyst Upgrades and Downgrades

LVS has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Las Vegas Sands in a report on Wednesday, October 8th. Susquehanna lifted their target price on Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Barclays boosted their target price on Las Vegas Sands from $59.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Stifel Nicolaus increased their price target on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Las Vegas Sands from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.13.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LVS. Total Investment Management Inc. purchased a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $25,000. Westside Investment Management Inc. grew its stake in shares of Las Vegas Sands by 48.0% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Root Financial Partners LLC acquired a new position in Las Vegas Sands in the third quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its position in Las Vegas Sands by 549.5% during the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after acquiring an additional 533 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Las Vegas Sands by 37.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after acquiring an additional 239 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

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.