Traders Buy Large Volume of Las Vegas Sands Corp. Put Options (LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) was the recipient of unusually large options trading on Wednesday. Traders bought 14,289 put options on the stock, AnalystRatingsNetwork reports. This represents an increase of 152% compared to the average daily volume of 5,664 put options.
In other Las Vegas Sands Corp. news, Director Irwin Siegel unloaded 6,250 shares of Las Vegas Sands Corp. stock 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 sale, the director now directly owns 15,650 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $65.00 to $73.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG set a $68.00 price target on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $66.00 to $72.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock.
One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. Las Vegas Sands Corp. currently has a consensus rating of “Buy” and a consensus price target of $64.29.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.75% during mid-day trading on Wednesday, hitting $63.48. The stock had a trading volume of 5,036,101 shares. Las Vegas Sands Corp. has a 52 week low of $40.28 and a 52 week high of $63.29. The stock’s 50-day moving average is $56.87 and its 200-day moving average is $55.43. The company has a market cap of $52.306 billion and a P/E ratio of 27.64.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Wednesday, July 24th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.44 earnings per share. Las Vegas Sands Corp.’s revenue was up 25.6% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $2.88 EPS 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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