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Las Vegas Sands (NYSE:LVS) Shares Gap Up - Should You Buy?

Las Vegas Sands logo with Consumer Discretionary background

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $49.90, but opened at $51.46. Las Vegas Sands shares last traded at $50.11, with a volume of 388,668 shares traded.

Analyst Ratings Changes

LVS has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Barclays boosted their price objective on shares of Las Vegas Sands from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their price objective on Las Vegas Sands from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. UBS Group lifted their target price on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and raised their price target for the company from $60.00 to $69.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average target price of $60.25.

Check Out Our Latest Stock Report on LVS

Las Vegas Sands Price Performance

The company has a market capitalization of $36.56 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. The company has a 50-day moving average price of $51.80 and a 200-day moving average price of $46.34. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities research analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands's payout ratio is presently 39.60%.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 60,187 shares of the 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Goldstein sold 119,221 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at $4,540,776.03. This represents a 58.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,732 shares of company stock worth $10,861,707. Corporate insiders own 0.91% of the company's stock.

Hedge Funds Weigh In On Las Vegas Sands

A number of large investors have recently added to or reduced their stakes in LVS. Empowered Funds LLC boosted its position in shares of Las Vegas Sands by 3.6% during the third quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator's stock worth $305,000 after buying an additional 213 shares during the period. Raymond James Trust N.A. lifted its stake in Las Vegas Sands by 4.7% in the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator's stock valued at $255,000 after acquiring an additional 229 shares in the last quarter. GAMMA Investing LLC boosted its position in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after acquiring an additional 243 shares during the last quarter. Signaturefd LLC grew its stake in shares of Las Vegas Sands by 7.8% during the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator's stock worth $177,000 after acquiring an additional 253 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its holdings in shares of Las Vegas Sands by 2.2% in the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator's stock valued at $628,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 39.16% of the company's stock.

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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