Las Vegas Sands Target of Unusually Large Options Trading (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVSGet Free Report) saw some unusual options trading on Tuesday. Stock traders acquired 44,801 call options on the stock. This represents an increase of 124% compared to the average volume of 19,964 call options.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 203,732 shares of company stock worth $10,861,707. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Las Vegas Sands by 9.4% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 46,078 shares of the casino operator’s stock valued at $2,039,000 after buying an additional 3,970 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $54,000. Versor Investments LP acquired a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $376,000. Rhumbline Advisers lifted its stake in Las Vegas Sands by 7.3% during the second quarter. Rhumbline Advisers now owns 715,768 shares of the casino operator’s stock worth $31,673,000 after purchasing an additional 48,626 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in Las Vegas Sands by 243.7% in the second quarter. Belpointe Asset Management LLC now owns 14,533 shares of the casino operator’s stock valued at $643,000 after purchasing an additional 10,305 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LVS shares. Barclays raised their price objective on Las Vegas Sands from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Mizuho lifted their price objective 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. Susquehanna increased their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on Las Vegas Sands from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $58.42.

View Our Latest Research Report on Las Vegas Sands

Las Vegas Sands Trading Up 0.9 %

LVS stock traded up $0.48 during midday trading on Tuesday, hitting $51.18. 863,995 shares of the company’s stock were exchanged, compared to its average volume of 5,606,724. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60. The business has a 50-day simple moving average of $51.85 and a two-hundred day simple moving average of $46.22. The stock has a market capitalization of $37.11 billion, a PE ratio of 25.34, a P/E/G ratio of 1.43 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVSGet Free Report) last announced its quarterly earnings results 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). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. Las Vegas Sands’s revenue was down 4.0% on a year-over-year basis. On average, sell-side analysts predict that Las Vegas Sands will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

About Las Vegas Sands

(Get Free Report)

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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