Las Vegas Sands Corp. Sees Unusually High Options Volume (LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) saw some unusual options trading on Tuesday. Stock traders acquired 72,384 call options on the company, Analyst Ratings Network.com reports. This is an increase of approximately 175% compared to the average volume of 26,329 call options.
In other Las Vegas Sands Corp. news, EVP Robert Goldstein sold 45,000 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 454,135 shares in the company, valued at approximately $29,328,038. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on LVS shares. Analysts at Nomura raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $69.00 to $77.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Separately, 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, September 16th. They now have a “buy” rating on the stock. Finally, 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, September 16th. They now have a $61.00 price target on the stock, up previously from $60.00.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.36.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 2.04% on Tuesday, hitting $66.10. 6,051,920 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 52-week low of $40.28 and a 52-week high of $65.93. The stock has a 50-day moving average of $59.0 and a 200-day moving average of $56.2. The company has a market cap of $54.465 billion and a price-to-earnings ratio of 28.41.
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 $2.89 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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