Key Points
- Robert Goldstein, CEO of Las Vegas Sands, sold 17,095 shares on Dec. 10 at an average price of $67.03, totaling about $1,145,877.85, per the SEC filing.
- Q3 results beat expectations: the company reported $0.78 EPS vs. $0.62 expected and $3.33 billion in revenue vs. $3.04 billion expected, with revenue up 24.2% year‑over‑year.
- Las Vegas Sands pays a quarterly dividend of $0.25 (annualized $1.00, yield ~1.5%, DPR 45.25%) and carries a consensus analyst rating of "Moderate Buy" with an average target of $65.80 and several upgrades raising targets as high as $80.
Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) CEO Robert Goldstein sold 17,095 shares of the business's stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $67.03, for a total transaction of $1,145,877.85. The sale was disclosed in a document filed with the SEC, which is available at this link.
Las Vegas Sands Stock Down 1.5%
Las Vegas Sands stock opened at $65.23 on Friday. The stock has a market cap of $44.10 billion, a PE ratio of 29.51, a P/E/G 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. The stock's fifty day moving average is $60.63 and its two-hundred day moving average is $53.54. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.16. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 EPS 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. Investors of record on Tuesday, November 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 4th. Las Vegas Sands's dividend payout ratio (DPR) is 45.25%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Las Vegas Sands by 4.4% in the second quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator's stock valued at $1,874,063,000 after purchasing an additional 1,822,806 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Las Vegas Sands by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator's stock worth $607,373,000 after buying an additional 592,321 shares in the last quarter. ARGA Investment Management LP lifted its holdings in shares of Las Vegas Sands by 36.8% in the 2nd 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 period. Invesco Ltd. lifted its holdings in shares of Las Vegas Sands by 4.9% in the 2nd quarter. Invesco Ltd. now owns 9,902,619 shares of the casino operator's stock valued at $430,863,000 after buying an additional 459,821 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Las Vegas Sands by 0.4% in the second quarter. Geode Capital Management LLC now owns 8,823,966 shares of the casino operator's stock valued at $382,294,000 after buying an additional 31,153 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Las Vegas Sands in a research report on Monday. Argus upped their target price on Las Vegas Sands from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, December 1st. Wall Street Zen raised Las Vegas Sands from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Zacks Research raised shares of Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Two investment 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $65.80.
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Las Vegas Sands Company Profile
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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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