Las Vegas Sands Corp. COO Sells $1,741,322 in Stock (LVS)
Las Vegas Sands Corp. (NYSE:LVS) COO John Caparella unloaded 22,840 shares of the stock on the open market in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $76.24, for a total transaction of $1,741,321.60. Following the transaction, the chief operating officer now directly owns 15,680 shares of the company’s stock, valued at approximately $1,195,443. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.40% during mid-day trading on Monday, hitting $76.22. 3,409,716 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a one year low of $50.67 and a one year high of $88.28. The stock’s 50-day moving average is $74.80 and its 200-day moving average is $78.14. The company has a market cap of $62.101 billion and a price-to-earnings ratio of 24.91. Las Vegas Sands Corp. also saw a large increase in short interest during the month of June. As of June 13th, there was short interest totalling 17,513,693 shares, an increase of 26.5% from the May 30th total of 13,845,072 shares. Based on an average daily volume of 5,186,153 shares, the days-to-cover ratio is currently 3.4 days. Approximately 4.7% of the company’s stock are sold short.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $3.91 earnings per share for the current fiscal year.
A number of research firms have recently commented on LVS. Analysts at Buckingham Research initiated coverage on shares of Las Vegas Sands Corp. in a research note on Friday. They set a “neutral” rating and a $73.00 price target on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Las Vegas Sands Corp. from $85.00 to $80.00 in a research note on Wednesday, June 25th. They now have a “market perform” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Las Vegas Sands Corp. from $98.00 to $89.00 in a research note on Monday, June 23rd. They now have a “positive” rating on the stock. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $81.71.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.