Las Vegas Sands (NYSE:LVS) Trading Up 1.1%

Shares of Las Vegas Sands Corp. (NYSE:LVS) shot up 1.1% during trading on Monday . The stock traded as high as $47.55 and last traded at $47.19. 1,136,428 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 4,809,477 shares. The stock had previously closed at $46.67.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company reduced their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price target on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $63.46.

Las Vegas Sands Trading Up 0.1 %

The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. The company has a market cap of $34.85 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. The business’s fifty day moving average price is $50.07 and its 200 day moving average price is $49.71.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. Las Vegas Sands’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Research analysts anticipate that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s payout ratio is presently 38.65%.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $266,538,000. Vanguard Group Inc. grew its holdings in Las Vegas Sands by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock worth $1,815,760,000 after purchasing an additional 4,264,043 shares during the period. ARGA Investment Management LP increased its stake in Las Vegas Sands by 214.5% in the fourth quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock valued at $153,071,000 after purchasing an additional 2,121,546 shares in the last quarter. Charles Lim Capital Ltd raised its holdings in shares of Las Vegas Sands by 296.2% during the third quarter. Charles Lim Capital Ltd now owns 2,575,000 shares of the casino operator’s stock valued at $118,038,000 after purchasing an additional 1,925,000 shares during the period. Finally, Ghisallo Capital Management LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth about $73,815,000. Institutional investors and hedge funds 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.