Las Vegas Sands (NYSE:LVS) CEO Robert Goldstein Sells 734,511 Shares

by · The Markets Daily

Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) CEO Robert Goldstein sold 734,511 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $66.80, for a total transaction of $49,065,334.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Las Vegas Sands Price Performance

NYSE:LVS opened at $67.39 on Wednesday. The firm has a market cap of $45.56 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.82 and a beta of 0.97. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $70.45. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The company’s 50-day moving average price is $61.24 and its two-hundred day moving average price is $54.08.

Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were 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 of this dividend was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Macquarie upped their price target on shares of Las Vegas Sands from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Las Vegas Sands in a report on Monday. Zacks Research raised shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Stifel Nicolaus upped their target price on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.52.

Read Our Latest Report on Las Vegas Sands

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board grew its position in shares of Las Vegas Sands by 10.9% during the 1st quarter. Public Sector Pension Investment Board now owns 45,175 shares of the casino operator’s stock worth $1,745,000 after buying an additional 4,427 shares during the period. Russell Investments Group Ltd. boosted its stake in Las Vegas Sands by 4.7% in the first quarter. Russell Investments Group Ltd. now owns 88,583 shares of the casino operator’s stock valued at $3,422,000 after acquiring an additional 3,984 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Las Vegas Sands by 19.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 19,433 shares of the casino operator’s stock worth $751,000 after acquiring an additional 3,123 shares during the period. Dimensional Fund Advisors LP grew its holdings in Las Vegas Sands by 20.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,200,214 shares of the casino operator’s stock worth $123,600,000 after acquiring an additional 547,756 shares during the period. Finally, Aberdeen Group plc raised its position in shares of Las Vegas Sands by 97.0% during the 1st quarter. Aberdeen Group plc now owns 235,962 shares of the casino operator’s stock valued at $9,083,000 after acquiring an additional 116,162 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

(Get Free Report)

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.

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