Las Vegas Sands Target of Unusually Large Options Trading (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS) was the target of unusually large options trading activity on Friday. Traders purchased 134,718 call options on the company. This is an increase of approximately 134% compared to the typical volume of 57,572 call options.

A number of equities research analysts have recently weighed in on LVS shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $73.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 21st. Credit Suisse Group decreased their price objective on shares of Las Vegas Sands from $69.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, October 21st. Wells Fargo & Company cut their price objective on shares of Las Vegas Sands from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 21st. JPMorgan Chase & Co. upgraded Las Vegas Sands from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $36.00 to $48.00 in a research report on Tuesday. Finally, Morgan Stanley lowered their target price on shares of Las Vegas Sands from $53.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, September 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.86.

Shares of NYSE LVS traded up $4.11 during mid-day trading on Friday, reaching $41.77. The company’s stock had a trading volume of 2,202,238 shares, compared to its average volume of 7,511,819. The stock has a 50-day moving average of $38.03 and a two-hundred day moving average of $40.81. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.09 and a current ratio of 2.10. The stock has a market capitalization of $31.91 billion, a P/E ratio of -28.40 and a beta of 1.47. Las Vegas Sands has a 1-year low of $33.75 and a 1-year high of $66.76.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Tuesday, October 19th. The casino operator reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.24). The business had revenue of $857.00 million during the quarter, compared to analyst estimates of $1.21 billion. Las Vegas Sands had a negative net margin of 26.01% and a negative return on equity of 33.51%. The firm’s revenue was up 92.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.67) EPS. Analysts predict that Las Vegas Sands will post -1.19 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Spire Wealth Management acquired a new stake in shares of Las Vegas Sands in the 3rd quarter worth $25,000. Exchange Traded Concepts LLC boosted its position in shares of Las Vegas Sands by 320.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 745 shares of the casino operator’s stock valued at $27,000 after acquiring an additional 568 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of Las Vegas Sands by 166.7% in the third quarter. Bogart Wealth LLC now owns 800 shares of the casino operator’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Global Retirement Partners LLC increased its position in Las Vegas Sands by 50.2% during the third quarter. Global Retirement Partners LLC now owns 927 shares of the casino operator’s stock worth $34,000 after purchasing an additional 310 shares during the last quarter. Finally, Berman Capital Advisors LLC raised its stake in Las Vegas Sands by 542.0% during the second quarter. Berman Capital Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $52,000 after purchasing an additional 851 shares during the period. Hedge funds and other institutional investors own 35.57% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the following geographic segments: Macao, Singapore and United States. The Macao segment handles the operations of The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao and Sands Macao.

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