Las Vegas Sands Corp. (NYSE:LVS) CEO Sells $1,264,848.00 in Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Las Vegas Sands Price Performance

Shares of NYSE LVS traded down $1.38 during trading on Tuesday, reaching $49.26. The company had a trading volume of 9,364,916 shares, compared to its average volume of 5,808,423. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market cap of $35.71 billion, a PE ratio of 25.07, a PEG ratio of 1.32 and a beta of 1.11. The business’s 50 day moving average price is $47.98 and its 200-day moving average price is $44.63. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be given a $0.20 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.62%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after acquiring an additional 209,589 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Las Vegas Sands by 7.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 211,320 shares of the casino operator’s stock valued at $10,929,000 after acquiring an additional 15,216 shares in the last quarter. Clearbridge Investments LLC lifted its position in Las Vegas Sands by 2.0% during the first quarter. Clearbridge Investments LLC now owns 641,682 shares of the casino operator’s stock valued at $33,175,000 after buying an additional 12,500 shares during the period. Assenagon Asset Management S.A. increased its holdings in Las Vegas Sands by 7,647.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator’s stock worth $19,617,000 after buying an additional 437,603 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Las Vegas Sands during the 2nd quarter valued at about $619,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LVS. JPMorgan Chase & Co. increased their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Stifel Nicolaus raised their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Mizuho upped their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Susquehanna raised their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Finally, Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.