Insider Selling: Las Vegas Sands Corp. (NYSE:LVS) CEO Sells $3,191,114.74 in Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $53.83 on Friday. The stock has a market capitalization of $39.03 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.42 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 has a 50-day moving average of $51.52 and a 200 day moving average of $45.25. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share 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 company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.49%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LVS. UBS Group increased their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Susquehanna upped their target price on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Institutional Investors Weigh In On Las Vegas Sands

Several large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $26,000. CVA Family Office LLC lifted 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 worth $28,000 after acquiring an additional 304 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Las Vegas Sands during the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new stake in shares of Las Vegas Sands in the 3rd quarter valued at approximately $43,000. Finally, GAMMA Investing LLC raised its holdings in shares of Las Vegas Sands by 40.1% in 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. 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.