Stock Traders Buy Large Volume of Call Options on Las Vegas Sands (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVSGet Rating) was the recipient of some unusual options trading on Monday. Investors bought 115,583 call options on the company. This represents an increase of approximately 370% compared to the typical daily volume of 24,617 call options.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, Director Charles D. Forman sold 15,000 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $63.17, for a total transaction of $947,550.00. Following the sale, the director now owns 205,984 shares in the company, valued at approximately $13,012,009.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Las Vegas Sands by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 35,537,902 shares of the casino operator’s stock valued at $1,381,358,000 after purchasing an additional 519,620 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Las Vegas Sands by 4.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,393,752 shares of the casino operator’s stock worth $1,605,238,000 after acquiring an additional 1,539,069 shares during the last quarter. BlackRock Inc. lifted its position in Las Vegas Sands by 1.4% during the 1st quarter. BlackRock Inc. now owns 23,298,767 shares of the casino operator’s stock worth $1,338,514,000 after acquiring an additional 330,221 shares during the last quarter. State Street Corp lifted its position in Las Vegas Sands by 2.9% during the 1st quarter. State Street Corp now owns 13,898,679 shares of the casino operator’s stock worth $540,242,000 after acquiring an additional 394,616 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Las Vegas Sands by 5,139.8% during the 1st quarter. Fisher Asset Management LLC now owns 9,242,005 shares of the casino operator’s stock worth $530,953,000 after acquiring an additional 9,065,624 shares during the last quarter. 39.75% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $59.49 on Tuesday. Las Vegas Sands has a 12 month low of $30.14 and a 12 month high of $65.58. The stock has a market cap of $45.47 billion, a price-to-earnings ratio of -82.62, a PEG ratio of 7.16 and a beta of 1.16. The stock’s 50 day moving average price is $58.72 and its 200 day moving average price is $53.91. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.79 and a quick ratio of 1.78.

Las Vegas Sands (NYSE:LVSGet Rating) last posted its quarterly earnings data on Wednesday, April 19th. The casino operator reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.11. Las Vegas Sands had a negative net margin of 10.42% and a negative return on equity of 10.21%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the company posted ($0.40) EPS. The company’s quarterly revenue was up 124.8% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands will post 1.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on LVS shares. StockNews.com started coverage on Las Vegas Sands in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Credit Suisse Group raised their target price on Las Vegas Sands from $62.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, April 20th. Stifel Nicolaus raised their target price on Las Vegas Sands from $66.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, April 20th. Morgan Stanley raised their target price on Las Vegas Sands from $64.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Finally, Wells Fargo & Company raised their target price on Las Vegas Sands from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, April 13th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.54.

About Las Vegas Sands

(Get Rating)

Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao.

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