Insider Selling: Las Vegas Sands Corp. EVP Sells 81,268 Shares of Stock (LVS)
Las Vegas Sands Corp. (NYSE:LVS) EVP Robert Goldstein sold 81,268 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $63.67, for a total transaction of $5,174,333.56. Following the transaction, the executive vice president now directly owns 454,135 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on LVS. Analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Thursday. They now have a $67.00 price target on the stock. Separately, 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. Finally, 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.
One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $64.71.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 1.10% on Friday, hitting $63.54. 3,170,710 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a one year low of $40.28 and a one year high of $63.98. The stock has a 50-day moving average of $57.32 and a 200-day moving average of $55.54. The company has a market cap of $52.355 billion and a price-to-earnings ratio of 27.57. Las Vegas Sands Corp. also saw some unusual options trading on Tuesday. Stock investors purchased 63,213 call options on the stock. This represents an increase of 476% compared to the typical daily volume of 10,978 call options.
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 $2.89 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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