Key Points
- Patrick Dumont, COO of Las Vegas Sands, sold 135,603 shares on Dec. 3 at an average price of $67.96 for $9.22M, leaving him with 446,608 shares — a 23.29% reduction in his ownership.
- Across Dec. 1–3 Dumont sold a total of 363,260 shares for roughly $25.13M (210,305 shares on Dec. 1, 17,352 on Dec. 2, and 135,603 on Dec. 3), according to the SEC filing.
- For context, LVS shares trade near $66, the company recently beat Q3 earnings ($0.78 vs. $0.62) with revenue up 24.2% year‑over‑year, and analysts hold a consensus "Moderate Buy" with an average price target of $65.60.
Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) COO Patrick Dumont sold 135,603 shares of the firm's stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $67.96, for a total transaction of $9,215,579.88. Following the completion of the sale, the chief operating officer owned 446,608 shares of the company's stock, valued at approximately $30,351,479.68. This trade represents a 23.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Patrick Dumont also recently made the following trade(s):
- On Tuesday, December 2nd, Patrick Dumont sold 17,352 shares of Las Vegas Sands stock. The stock was sold at an average price of $68.97, for a total value of $1,196,767.44.
- On Monday, December 1st, Patrick Dumont sold 210,305 shares of Las Vegas Sands stock. The stock was sold at an average price of $69.96, for a total value of $14,712,937.80.
Las Vegas Sands Stock Down 0.2%
Shares of LVS stock opened at $66.27 on Friday. The stock's fifty day moving average price is $59.40 and its 200 day moving average price is $52.63. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45. The company has a market cap of $44.80 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 0.88.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 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 during the quarter, compared to analysts' expectations of $3.04 billion. During the same period last year, the business posted $0.44 earnings per share. The firm's revenue was up 24.2% compared to the same quarter last year. On average, research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 4th. Las Vegas Sands's payout ratio is currently 45.25%.
Institutional Investors Weigh In On Las Vegas Sands
Several hedge funds have recently added to or reduced their stakes in the business. Total Investment Management Inc. acquired a new position in Las Vegas Sands in the second quarter valued at approximately $25,000. Westside Investment Management Inc. grew its stake in shares of Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator's stock worth $28,000 after purchasing an additional 166 shares during the period. Root Financial Partners LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter valued at approximately $33,000. Smartleaf Asset Management LLC lifted its stake in shares of Las Vegas Sands by 549.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator's stock valued at $35,000 after purchasing an additional 533 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator's stock valued at $36,000 after purchasing an additional 434 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on LVS. UBS Group upped their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Mizuho upped their target price on Las Vegas Sands from $56.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, October 23rd. Wells Fargo & Company started coverage on Las Vegas Sands in a research note on Tuesday, November 18th. They issued an "equal weight" rating and a $66.00 target price for the company. Susquehanna boosted their price target on Las Vegas Sands from $62.00 to $63.00 and gave the company a "positive" rating in a research note on Wednesday, October 22nd. Finally, Barclays increased their price objective on Las Vegas Sands from $59.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.60.
Get Our Latest Report on Las Vegas Sands
Las Vegas Sands Company Profile
(
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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