Robert G. Goldstein Sells 24,324 Shares of Las Vegas Sands Corp. (NYSE:LVS) Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Las Vegas Sands Stock Down 2.7 %

Shares of Las Vegas Sands stock traded down $1.38 on Tuesday, reaching $49.26. 9,364,916 shares of the company were exchanged, compared to its average volume of 5,808,423. The stock’s 50 day moving average price is $47.98 and its 200-day moving average price is $44.63. 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 company has a market cap of $35.71 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

Analyst Ratings Changes

Several research firms have recently weighed in on LVS. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Barclays raised their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Macquarie cut their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company lifted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock 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 given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVS. CVA Family Office LLC raised its position in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of Las Vegas Sands during the 2nd quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands during the 3rd quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

About Las Vegas Sands

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.