Barclays Cuts Las Vegas Sands (NYSE:LVS) Price Target to $58.00

Las Vegas Sands (NYSE:LVS) had its price target decreased by equities researchers at Barclays from $61.00 to $58.00 in a research note issued on Wednesday. The brokerage presently has an “overweight” rating on the casino operator’s stock. Barclays‘s price target suggests a potential upside of 32.21% from the stock’s current price.

LVS has been the subject of several other research reports. UBS Group upped their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Susquehanna boosted their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Mizuho increased their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.33.

Las Vegas Sands Stock Up 1.5 %

Las Vegas Sands stock traded up $0.64 during midday trading on Wednesday, hitting $43.87. 2,535,719 shares of the stock were exchanged, compared to its average volume of 4,519,878. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The company has a 50 day moving average price of $50.06 and a two-hundred day moving average price of $46.72. The firm has a market cap of $31.81 billion, a P/E ratio of 21.73, a P/E/G 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.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Las Vegas Sands during the 3rd quarter valued at $26,000. CVA Family Office LLC boosted its position in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the period. UMB Bank n.a. grew its stake in shares of Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after buying an additional 247 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Las Vegas Sands in the third quarter worth about $34,000. Finally, GAMMA Investing LLC lifted its stake in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

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.