Las Vegas Sands Corp. (NYSE:LVS) Receives $59.92 Consensus Target Price from Brokerages

Shares of Las Vegas Sands Corp. (NYSE:LVS) have received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $59.92.

LVS has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $51.00 target price (down from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and increased their target price for the company from $60.00 to $69.00 in a research report on Friday, January 3rd.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at approximately $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Las Vegas Sands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its holdings in shares of Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after buying an additional 5,612,975 shares during the period. ARGA Investment Management LP raised its holdings in shares of Las Vegas Sands by 32.0% in the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after acquiring an additional 1,577,042 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Las Vegas Sands by 1.4% in the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock worth $283,284,000 after acquiring an additional 77,807 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Las Vegas Sands by 2.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator’s stock worth $133,876,000 after acquiring an additional 57,739 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Las Vegas Sands by 30.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,085,045 shares of the casino operator’s stock valued at $92,266,000 after purchasing an additional 483,564 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 0.1 %

LVS opened at $43.45 on Thursday. The company’s 50 day moving average is $50.30 and its 200-day moving average is $46.71. The company has a market cap of $31.50 billion, a P/E ratio of 21.51, a PEG ratio of 1.00 and a beta of 1.09. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09.

Las Vegas Sands Company Profile

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.