Las Vegas Sands Corp. Target of Unusually Large Options Trading (LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) was the recipient of unusually large options trading on Thursday. Investors purchased 13,545 put options on the company, Analyst Ratings Network.com reports. This is an increase of approximately 121% compared to the typical volume of 6,127 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 filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 currently has an average rating of “Buy” and a consensus price target of $64.71.
Las Vegas Sands Corp. (NYSE:LVS) traded up 0.60% on Friday, hitting $63.23. The stock had a trading volume of 1,490,981 shares. Las Vegas Sands Corp. has a one year low of $40.28 and a one year high of $63.98. The stock’s 50-day moving average is $57.32 and its 200-day moving average is $55.54. The company has a market cap of $52.100 billion and a price-to-earnings ratio of 27.57.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results 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 in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $2.89 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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