Insider Selling: Las Vegas Sands Corp. (NYSE:LVS) CEO Sells 24,324 Shares of Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Las Vegas Sands Trading Down 2.0 %

Shares of Las Vegas Sands stock opened at $48.53 on Friday. The company has a market capitalization of $35.19 billion, a P/E ratio of 24.02, a PEG ratio of 1.30 and a beta of 1.11. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The company’s fifty day moving average is $48.39 and its two-hundred day moving average is $44.69. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm 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 business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. Analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Analysts Set New Price Targets

Several analysts recently issued reports on LVS shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Morgan Stanley boosted their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Susquehanna increased their target price on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Mizuho lifted their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Hedge Funds Weigh In On Las Vegas Sands

Large investors have recently made changes to their positions in the stock. ARGA Investment Management LP increased its stake in Las Vegas Sands by 24.8% in the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock valued at $247,891,000 after purchasing an additional 977,636 shares in the last quarter. Fred Alger Management LLC acquired a new position in shares of Las Vegas Sands in the third quarter valued at approximately $10,219,000. Martingale Asset Management L P lifted its stake in shares of Las Vegas Sands by 3.0% during the 3rd quarter. Martingale Asset Management L P now owns 41,081 shares of the casino operator’s stock worth $2,068,000 after purchasing an additional 1,192 shares during the period. Suvretta Capital Management LLC purchased a new position in Las Vegas Sands during the third quarter worth about $24,370,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Las Vegas Sands by 2.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator’s stock worth $133,876,000 after acquiring an additional 57,739 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

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.