Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) was the target of some unusual options trading activity on Monday. Stock investors purchased 33,253 call options on the stock. This represents an increase of approximately 64% compared to the average daily volume of 20,231 call options.
Las Vegas Sands Price Performance
Shares of NYSE:LVS opened at $54.89 on Wednesday. The firm has a market capitalization of $39.80 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The business’s 50 day simple moving average is $51.67 and its 200-day simple moving average is $45.36. Las Vegas Sands has a 12 month low of $36.62 and a 12 month high of $56.60.
Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, equities analysts forecast that Las Vegas Sands will post 2.33 earnings per share for the current fiscal year.
Las Vegas Sands Dividend Announcement
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Mizuho increased their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley upped their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Susquehanna increased their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.
View Our Latest Research Report on LVS
Insider Activity
In related news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at $3,129,724. This represents a 28.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,732 shares of company stock worth $10,861,707. Corporate insiders own 0.91% of the company’s stock.
Hedge Funds Weigh In On Las Vegas Sands
Several hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Las Vegas Sands in the third quarter valued at approximately $26,000. CVA Family Office LLC grew its holdings in Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands during the 3rd quarter valued at $34,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after buying an additional 437 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.
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