Las Vegas Sands Corp. (NYSE:LVS) CEO Robert G. Goldstein Sells 60,187 Shares

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $53.90 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm’s 50-day simple moving average is $51.21 and its 200 day simple moving average is $45.12. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The firm has a market capitalization of $39.08 billion, a PE ratio of 26.68, a P/E/G ratio of 1.45 and a beta of 1.10.

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

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands in the 3rd quarter worth $26,000. CVA Family Office LLC lifted its holdings in shares of Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Las Vegas Sands in the 3rd quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Susquehanna raised their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Barclays upped their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.