Las Vegas Sands Corp. Target of Unusually Large Options Trading (LVS)
Las Vegas Sands Corp. (NYSE:LVS) saw some unusual options trading on Tuesday. Stock investors bought 1,966 call options on the stock. This represents an increase of 156% compared to the typical volume of 769 call options.
LVS has been the subject of several research reports. Stifel Nicolaus raised their target price on Las Vegas Sands Corp. from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Deutsche Bank AG raised their target price on Las Vegas Sands Corp. from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Susquehanna Bancshares Inc restated a “buy” rating and issued a $69.00 target price on shares of Las Vegas Sands Corp. in a research note on Friday, April 28th. CLSA restated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Thursday, April 27th. Finally, Zacks Investment Research downgraded Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $61.72.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. Las Vegas Sands Corp. had a net margin of 14.64% and a return on equity of 23.75%. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Tuesday, June 20th. Las Vegas Sands Corp.’s payout ratio is 137.14%.
Large investors have recently bought and sold shares of the stock. Dai Ichi Life Holdings Inc. boosted its stake in Las Vegas Sands Corp. by 106.6% in the third quarter. Dai Ichi Life Holdings Inc. now owns 108,368 shares of the casino operator’s stock worth $6,235,000 after buying an additional 55,926 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in Las Vegas Sands Corp. during the third quarter worth approximately $408,000. Mark Asset Management Corp boosted its stake in Las Vegas Sands Corp. by 5.4% in the third quarter. Mark Asset Management Corp now owns 9,490 shares of the casino operator’s stock worth $546,000 after buying an additional 490 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Las Vegas Sands Corp. during the third quarter worth approximately $1,630,000. Finally, Moors & Cabot Inc. purchased a new stake in Las Vegas Sands Corp. during the third quarter worth approximately $565,000. Hedge funds and other institutional investors own 40.16% of the company’s stock.
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Las Vegas Sands Corp. Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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