In yesterday’s Wall Street session, Las Vegas Sands Corp (NYSE:LVS) shares traded at $52.36, down -1.86% from the previous session.
LVS stock price is now 1.55% away from the 50-day moving average and 1.17% away from the 200-day moving average. The market capitalization of the company currently stands at $39.46B.
With the price target of $59, Susquehanna recently initiated with Positive rating for Las Vegas Sands Corp (NYSE: LVS). On June 08, 2023, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $69 to quote $65, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Adelson Miriam, 10% Owner sold 34,010,540 shares of the company’s stock on Dec 01 ’23. The stock was sold for $1,470,275,644 at an average price of $43.23. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01 ’23, 10% Owner Adelson Miriam sold 12,253,628 shares of the business’s stock. A total of $529,724,338 was realized by selling the stock at an average price of $43.23. This leaves the insider owning 41,134,164 shares of the company worth $2.15 billion. A total of 45.52% of the company’s stock is owned by insiders.
During the past 12 months, Las Vegas Sands Corp has had a low of $43.77 and a high of $65.58. As of last week, the company has a debt-to-equity ratio of 3.47, a current ratio of 1.31, and a quick ratio of 1.30. The fifty day moving average price for LVS is $51.58 and a two-hundred day moving average price translates $51.74 for the stock.
The latest earnings results from Las Vegas Sands Corp (NYSE: LVS) was released for Dec, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.57, missing analysts’ expectations of $0.61 by -0.04. This compares to $0.01 EPS in the same period last year. The net profit margin was 11.77% and return on equity was 30.53% for LVS. The company reported revenue of $2.92 billion for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 160.97 percent. For the current quarter, analysts expect LVS to generate $2.95B in revenue.
Las Vegas Sands Corp(LVS) 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. The company’s integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.
