Las Vegas Sands Corp. EVP Sells $7,595,374 in Stock (LVS)
Las Vegas Sands Corp. (NYSE:LVS) EVP Robert Goldstein sold 96,535 shares of Las Vegas Sands Corp. stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $78.68, for a total transaction of $7,595,373.80. Following the completion of the sale, the executive vice president now directly owns 370,628 shares in the company, valued at approximately $29,161,011. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
LVS has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of Las Vegas Sands Corp. from $80.00 to $85.00 in a research note to investors on Monday. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Las Vegas Sands Corp. from $77.00 to $86.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Las Vegas Sands Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, November 22nd. They now have a $84.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. Las Vegas Sands Corp. currently has a consensus rating of “Buy” and an average price target of $74.60.
Las Vegas Sands Corp. (NYSE:LVS) traded up 0.90% on Thursday, hitting $79.58. The stock had a trading volume of 3,862,560 shares. Las Vegas Sands Corp. has a 1-year low of $47.95 and a 1-year high of $79.25. The stock has a 50-day moving average of $74.30 and a 200-day moving average of $64.1. The company has a market cap of $65.510 billion and a price-to-earnings ratio of 30.10.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.08. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $3.00 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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