Las Vegas Sands (NYSE:LVS) Trading 1.1% Higher

Las Vegas Sands Corp. (NYSE:LVS) was up 1.1% during trading on Monday . The company traded as high as $47.55 and last traded at $47.19. Approximately 1,136,428 shares were traded during trading, a decline of 76% from the average daily volume of 4,809,477 shares. The stock had previously closed at $46.67.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Barclays cut their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Mizuho dropped their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Jefferies Financial Group dropped their price objective on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price target on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.46.

Las Vegas Sands Stock Performance

The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. The business has a 50-day moving average of $50.07 and a 200-day moving average of $49.71. The company has a market capitalization of $34.85 billion, a P/E ratio of 22.59, a P/E/G ratio of 0.87 and a beta of 1.18.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The business’s revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.63 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.71%. Las Vegas Sands’s dividend payout ratio is 38.65%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

A number of hedge funds have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC grew its stake in Las Vegas Sands by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock worth $608,000 after purchasing an additional 232 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Las Vegas Sands by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after buying an additional 288 shares during the period. New York Life Investment Management LLC grew its position in shares of Las Vegas Sands by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 47,237 shares of the casino operator’s stock worth $2,165,000 after buying an additional 306 shares in the last quarter. Czech National Bank increased its stake in shares of Las Vegas Sands by 0.5% during the first quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after buying an additional 319 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 357 shares in the last quarter. 39.16% of the stock is currently owned by 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.