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 firm’s stock in a transaction on Tuesday, December 16th. The shares were 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 can be accessed through this link.

Las Vegas Sands Stock Performance

NYSE LVS opened at $66.95 on Friday. The company has a market capitalization of $45.27 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.80 and a beta of 0.97. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $70.45. The stock has a fifty day simple moving average of $61.80 and a 200 day simple moving average of $54.25.

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 the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 24.2% on a year-over-year basis. Sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

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

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors have recently modified their holdings of LVS. Vanguard Group Inc. grew its position in Las Vegas Sands by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator’s stock valued at $1,874,063,000 after purchasing an additional 1,822,806 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Las Vegas Sands by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator’s stock worth $607,373,000 after buying an additional 592,321 shares during the last quarter. ARGA Investment Management LP lifted 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 buying an additional 2,698,398 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Las Vegas Sands by 4.9% during the second quarter. Invesco Ltd. now owns 9,902,619 shares of the casino operator’s stock valued at $430,863,000 after buying an additional 459,821 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Las Vegas Sands by 0.4% during the second 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 in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Seaport Global Securities increased their price objective on shares of Las Vegas Sands from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Las Vegas Sands in a report on Monday. Susquehanna raised their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. UBS Group boosted their target price on shares of Las Vegas Sands from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Finally, Mizuho increased their target price on shares of Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently 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.