Insider Selling: Robert Goldstein Unloads 45,000 Shares of Las Vegas Sands Corp. Stock (LVS)
Las Vegas Sands Corp. (NYSE:LVS) EVP Robert Goldstein sold 45,000 shares of Las Vegas Sands Corp. stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $64.58, for a total transaction of $2,906,100.00. Following the completion of the transaction, the executive vice president now directly owns 454,135 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on LVS shares. Analysts at Stifel Nicolaus raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $66.00 to $76.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at ISI Group downgraded shares of Las Vegas Sands Corp. (NYSE:LVS) from a “buy” rating to a “neutral” rating in a research note to investors on Monday. They now have a $61.00 price target on the stock, up previously from $60.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Thursday, September 12th. They now have a $67.00 price target on the stock.
One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. Las Vegas Sands Corp. currently has a consensus rating of “Buy” and a consensus price target of $65.00.
Las Vegas Sands Corp. (NYSE:LVS) traded up 1.16% during mid-day trading on Wednesday, hitting $64.64. The stock had a trading volume of 5,157,887 shares. Las Vegas Sands Corp. has a 1-year low of $40.28 and a 1-year high of $64.72. The stock has a 50-day moving average of $58.10 and a 200-day moving average of $55.89. The company has a market cap of $53.262 billion and a price-to-earnings ratio of 28.03. Las Vegas Sands Corp. also was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 163,289 call options on the stock. This is an increase of approximately 683% compared to the typical daily volume of 20,858 call options.
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 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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