Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) saw unusually large options trading activity on Tuesday. Traders purchased 44,801 call options on the company. This is an increase of approximately 124% compared to the average volume of 19,964 call options.
Las Vegas Sands Price Performance
Las Vegas Sands stock traded up $0.66 during mid-day trading on Tuesday, reaching $51.36. 1,916,438 shares of the company's stock traded hands, compared to its average volume of 5,611,133. Las Vegas Sands has a 12-month low of $36.62 and a 12-month high of $56.60. The company has a market cap of $37.24 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.43 and a beta of 1.10. The stock has a 50 day moving average of $51.84 and a two-hundred day moving average of $46.28. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm's revenue was down 4.0% on a year-over-year basis. Equities analysts forecast that Las Vegas Sands will post 2.33 earnings per share for the current year.
Las Vegas Sands Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.56%. Las Vegas Sands's dividend payout ratio is presently 39.60%.
Insider Buying and Selling
In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company's stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,732 shares of company stock valued at $10,861,707. 0.91% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock valued at $459,630,000 after buying an additional 5,612,975 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Las Vegas Sands by 987.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator's stock valued at $245,570,000 after acquiring an additional 5,039,072 shares during the last quarter. Charles Lim Capital Ltd increased its stake in Las Vegas Sands by 178.3% in the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator's stock worth $70,800,000 after purchasing an additional 1,025,000 shares during the period. ARGA Investment Management LP lifted its position in shares of Las Vegas Sands by 24.8% during the third quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator's stock worth $247,891,000 after purchasing an additional 977,636 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Las Vegas Sands by 44.1% during the second quarter. Renaissance Technologies LLC now owns 2,949,670 shares of the casino operator's stock valued at $130,523,000 after purchasing an additional 903,400 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on LVS. UBS Group increased their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price target on Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Las Vegas Sands from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Barclays increased their target price on Las Vegas Sands from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Finally, Mizuho boosted their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.42.
View Our Latest Stock Analysis on Las Vegas Sands
About Las Vegas Sands
(
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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