Las Vegas Sands Corp. (NYSE:LVS) COO Robert G. Goldstein sold 39,155 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $76.00, for a total value of $2,975,780.00. Following the completion of the sale, the chief operating officer now directly owns 39,155 shares of the company’s stock, valued at $2,975,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down $0.04 during midday trading on Wednesday, hitting $73.82. The stock had a trading volume of 2,100,344 shares, compared to its average volume of 3,906,242. The stock has a market capitalization of $58,010.00, a PE ratio of 25.53 and a beta of 1.71. Las Vegas Sands Corp. has a one year low of $54.71 and a one year high of $79.84. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.09.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Las Vegas Sands had a return on equity of 33.90% and a net margin of 21.78%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. analysts predict that Las Vegas Sands Corp. will post 3.34 EPS for the current fiscal year.
A number of research firms have issued reports on LVS. Telsey Advisory Group began coverage on Las Vegas Sands in a research report on Tuesday. They issued a “market perform” rating and a $76.00 target price for the company. Jefferies Group reissued a “hold” rating on shares of Las Vegas Sands in a research report on Thursday, January 25th. ValuEngine raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Roth Capital raised their target price on Las Vegas Sands from $69.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $71.16.
Several hedge funds and other institutional investors have recently made changes to their positions in LVS. Investec Asset Management LTD grew its position in shares of Las Vegas Sands by 90.9% in the third quarter. Investec Asset Management LTD now owns 3,437,448 shares of the casino operator’s stock valued at $220,547,000 after purchasing an additional 1,637,248 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Las Vegas Sands by 203.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,269,398 shares of the casino operator’s stock valued at $157,700,000 after buying an additional 1,522,664 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Las Vegas Sands by 127.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,670,729 shares of the casino operator’s stock valued at $185,589,000 after buying an additional 1,497,974 shares during the period. Schroder Investment Management Group boosted its stake in Las Vegas Sands by 484.8% during the fourth quarter. Schroder Investment Management Group now owns 1,673,818 shares of the casino operator’s stock valued at $116,314,000 after buying an additional 1,387,592 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Las Vegas Sands by 25.0% during the third quarter. Janus Henderson Group PLC now owns 4,051,823 shares of the casino operator’s stock valued at $259,973,000 after buying an additional 810,373 shares during the period. Institutional investors own 38.68% of the company’s stock.
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Las Vegas Sands 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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