Las Vegas Sands (NYSE:LVS) had its target price lifted by equities researchers at Roth Capital from $69.00 to $85.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the casino operator’s stock. Roth Capital’s price objective points to a potential upside of 12.79% from the stock’s previous close.
Other research analysts have also issued reports about the company. Zacks Investment Research lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Jefferies Group reissued a “hold” rating on shares of Las Vegas Sands in a report on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $88.00 price objective (up from $76.00) on shares of Las Vegas Sands in a report on Thursday. JPMorgan Chase & Co. increased their price objective on Las Vegas Sands from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Barclays increased their price objective on Las Vegas Sands to $85.00 and gave the company an “overweight” rating in a report on Thursday. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Las Vegas Sands currently has a consensus rating of “Buy” and an average price target of $70.54.
Shares of Las Vegas Sands (NYSE LVS) traded down $2.08 during mid-day trading on Thursday, hitting $75.36. The stock had a trading volume of 7,023,349 shares, compared to its average volume of 4,159,665. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $59,570.00, a price-to-earnings ratio of 28.44 and a beta of 1.80. Las Vegas Sands has a fifty-two week low of $51.35 and a fifty-two week high of $78.57.
In related news, Director George Jamieson bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the acquisition, the director now directly owns 6,488 shares in the company, valued at $434,436.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.10% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of LVS. Janus Henderson Group PLC grew its holdings in Las Vegas Sands by 183.0% during the second quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock worth $207,090,000 after acquiring an additional 2,095,879 shares during the period. Investec Asset Management LTD boosted its position in Las Vegas Sands by 90.9% during the third quarter. Investec Asset Management LTD now owns 3,437,448 shares of the casino operator’s stock worth $220,547,000 after purchasing an additional 1,637,248 shares in the last quarter. Capital World Investors boosted its position in Las Vegas Sands by 14.5% during the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock worth $638,772,000 after purchasing an additional 1,263,000 shares in the last quarter. Maverick Capital Ltd. boosted its position in Las Vegas Sands by 169.2% during the second quarter. Maverick Capital Ltd. now owns 1,369,589 shares of the casino operator’s stock worth $87,503,000 after purchasing an additional 860,856 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in Las Vegas Sands by 49.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,859,527 shares of the casino operator’s stock worth $119,307,000 after purchasing an additional 614,622 shares in the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.
About Las Vegas Sands
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.
