Las Vegas Sands (LVS) Shares Gap Up to $72.67

Las Vegas Sands Corp. (NYSE:LVS) shares gapped up prior to trading on Tuesday . The stock had previously closed at $72.18, but opened at $72.67. Las Vegas Sands shares last traded at $72.67, with a volume of 4980646 shares.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $76.00 target price on shares of Las Vegas Sands in a report on Tuesday, January 9th. Barclays upped their target price on shares of Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 7th. Morgan Stanley raised shares of Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 target price for the company in a report on Monday, November 6th. Finally, Nomura upped their target price on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $66.19.

The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $57,440.00, a PE ratio of 27.42 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. sell-side analysts forecast that Las Vegas Sands Corp. will post 2.9 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 110.19%.

In related news, Director George Jamieson bought 1,000 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 10.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LVS. Janus Henderson Group PLC raised its holdings in shares of Las Vegas Sands by 25.0% in the third quarter. Janus Henderson Group PLC now owns 4,051,823 shares of the casino operator’s stock worth $259,973,000 after buying an additional 810,373 shares during the last quarter. Csenge Advisory Group purchased a new position in shares of Las Vegas Sands during the third quarter worth $504,000. Yellowstone Partners LLC purchased a new position in shares of Las Vegas Sands during the third quarter worth $640,000. Westfield Capital Management Co. LP purchased a new position in Las Vegas Sands in the third quarter valued at $327,000. Finally, AXA increased its holdings in Las Vegas Sands by 3.9% in the third quarter. AXA now owns 107,969 shares of the casino operator’s stock valued at $6,927,000 after buying an additional 4,067 shares in the last quarter. Hedge funds and other institutional investors own 37.45% of the company’s stock.

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About Las Vegas Sands

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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