Key Points
- CFO Randy Hyzak sold 57,545 shares of Las Vegas Sands on November 25 at an average price of $66.45, raising about $3.82 million and reducing his ownership by 51.82% to 53,499 shares, as disclosed in an SEC Form 4.
- Las Vegas Sands recently beat quarterly expectations (EPS $0.78 vs. $0.62; revenue $3.33B, +24.2% YoY), trades near its one-year high (~$68), has a market cap of ~$46.1B, and carries an average analyst target of $64.60 while paying a $1.00 annual dividend (≈1.5% yield).
Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) CFO Randy Hyzak sold 57,545 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $66.45, for a total value of $3,823,865.25. Following the transaction, the chief financial officer owned 53,499 shares of the company's stock, valued at approximately $3,555,008.55. This represents a 51.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Las Vegas Sands Stock Performance
Shares of LVS stock opened at $68.16 on Friday. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $68.63. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.21 and a current ratio of 0.89. The firm's 50 day moving average price is $57.98 and its 200-day moving average price is $51.76. The firm has a market cap of $46.09 billion, a P/E ratio of 30.84, a P/E/G ratio of 1.62 and a beta of 1.03.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. As a group, equities research analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.5%. Las Vegas Sands's dividend payout ratio is presently 45.25%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Las Vegas Sands in a research report on Tuesday, November 18th. They issued an "equal weight" rating and a $66.00 target price for the company. Susquehanna raised their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the company a "positive" rating in a research note on Wednesday, October 22nd. Mizuho lifted their price objective on shares of Las Vegas Sands from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Las Vegas Sands in a report on Tuesday. Finally, Barclays boosted their price target on shares of Las Vegas Sands from $59.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $64.60.
Read Our Latest Analysis on LVS
Institutional Trading of Las Vegas Sands
Several hedge funds have recently added to or reduced their stakes in LVS. Nuveen LLC acquired a new position in Las Vegas Sands during the 1st quarter worth approximately $183,836,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator's stock worth $277,963,000 after purchasing an additional 4,154,753 shares during the last quarter. Norges Bank acquired a new position in shares of Las Vegas Sands during the second quarter worth $134,179,000. ARGA Investment Management LP increased its holdings in Las Vegas Sands by 36.8% in the second quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator's stock valued at $436,883,000 after buying an additional 2,698,398 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Las Vegas Sands by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator's stock worth $1,593,457,000 after buying an additional 2,267,307 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Company Profile
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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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