Las Vegas Sands (NYSE:LVS) Stock Price Expected to Rise, Macquarie Analyst Says

Las Vegas Sands (NYSE:LVS) had its price objective upped by investment analysts at Macquarie from $57.00 to $58.00 in a research report issued to clients and investors on Wednesday. Macquarie’s price objective indicates a potential upside of 32.21% from the company’s previous close.

A number of other analysts have also commented on LVS. Mizuho increased their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group increased their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, Stifel Nicolaus raised their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.33.

Las Vegas Sands Price Performance

NYSE LVS traded up $0.64 during mid-day trading on Wednesday, hitting $43.87. The stock had a trading volume of 2,535,719 shares, compared to its average volume of 4,519,878. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The company has a 50 day simple moving average of $50.06 and a 200 day simple moving average of $46.72. The company has a market cap of $31.81 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 1.00 and a beta of 1.09.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands 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 owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands in the 3rd quarter valued at $26,000. CVA Family Office LLC grew its stake 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 valued at $28,000 after acquiring an additional 304 shares during the period. UMB Bank n.a. increased its holdings in shares of Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after acquiring an additional 247 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Las Vegas Sands during the third quarter worth about $34,000. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. Institutional investors own 39.16% of the company’s stock.

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.