Las Vegas Sands (NYSE:LVS) Given New $73.00 Price Target at The Goldman Sachs Group

Las Vegas Sands (NYSE:LVSFree Report) had its price target reduced by The Goldman Sachs Group from $80.00 to $73.00 in a research note issued to investors on Thursday morning,MarketScreener reports. The Goldman Sachs Group currently has a buy rating on the casino operator’s stock.

LVS has been the subject of a number of other research reports. UBS Group upped their price target on Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Barclays set a $64.00 price target on shares of Las Vegas Sands in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on Las Vegas Sands from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of Las Vegas Sands from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, January 16th. Finally, Argus increased their price objective on shares of Las Vegas Sands from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.23.

Check Out Our Latest Stock Analysis on Las Vegas Sands

Las Vegas Sands Trading Up 1.1%

Shares of Las Vegas Sands stock traded up $0.56 on Thursday, hitting $53.27. 1,169,722 shares of the company’s stock traded hands, compared to its average volume of 6,903,998. Las Vegas Sands has a one year low of $30.18 and a one year high of $70.45. The firm’s 50-day moving average price is $64.09 and its two-hundred day moving average price is $58.04. 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 has a market capitalization of $36.02 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97.

Las Vegas Sands (NYSE:LVSGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 87.01%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. On average, research analysts expect that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio (DPR) is 45.25%.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 1,198,650 shares of Las Vegas Sands stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Patrick Dumont sold 135,603 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer owned 446,608 shares in the company, valued at $30,351,479.68. This represents a 23.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,582,053 shares of company stock worth $238,846,399. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its position in shares of Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after acquiring an additional 4,154,753 shares during the last quarter. Norges Bank purchased a new stake in Las Vegas Sands during the 2nd quarter valued at about $134,179,000. M&T Bank Corp boosted its stake in shares of Las Vegas Sands by 33,102.6% during the fourth quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock valued at $197,463,000 after purchasing an additional 3,051,071 shares during the period. ARGA Investment Management LP grew its holdings in shares of Las Vegas Sands by 36.8% in the second quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock worth $436,883,000 after purchasing an additional 2,698,398 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of 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 worth $1,874,063,000 after buying an additional 1,822,806 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

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Las Vegas Sands Company Profile

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Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

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