Investors Buy Large Volume of Las Vegas Sands Corp. Put Options (LVS)
Las Vegas Sands Corp. (NYSE:LVS) was the target of some unusual options trading on Tuesday. Stock traders acquired 12,237 put options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of approximately 137% compared to the typical volume of 5,155 put options.
In other Las Vegas Sands Corp. news, Director Irwin Siegel sold 6,250 shares of the stock on the open market in a transaction dated Friday, August 30th. The stock was sold at an average price of $56.07, for a total value of $350,437.50. Following the completion of the transaction, the director now directly owns 15,650 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LVS shares. Analysts at JPMorgan Chase & Co. set a $72.00 price target on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) to $72.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Monday. They now have a $67.00 price target on the stock.
One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $63.40.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 2.46% during mid-day trading on Tuesday, hitting $63.01. The stock had a trading volume of 7,238,164 shares. Las Vegas Sands Corp. has a 52-week low of $40.28 and a 52-week high of $61.53. The stock has a 50-day moving average of $56.68 and a 200-day moving average of $55.34. The company has a market cap of $51.919 billion and a price-to-earnings ratio of 26.97.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.04. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $2.88 earnings per share for the current fiscal year.
Las Vegas Sands Corp. is a developer of destination properties (NYSE:LVS) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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