Stocks of Las Vegas Sands Corp [LVS] are gaining investors’ attention: here’s why

In yesterday’s Wall Street session, Las Vegas Sands Corp (NYSE:LVS) shares traded at $44.30, down -0.11% from the previous session.

LVS stock price is now -4.43% away from the 50-day moving average and -8.88% away from the 200-day moving average. The market capitalization of the company currently stands at $33.01B.

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With the price target of $63, Seaport Research Partners recently initiated with Buy rating for Las Vegas Sands Corp (NYSE: LVS). On March 26, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $70, while ‘Susquehanna’ rates the stock as ‘Positive’

In other news, Goldstein Robert G, Chairman & CEO sold 100,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $5,206,000 at an average price of $52.06. Upon completion of the transaction, the Chairman & CEO now directly owns 172,801 shares in the company, valued at $7.66 million. 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 34,010,540 shares of the business’s stock. A total of $1,470,275,644 was realized by selling the stock at an average price of $43.23. A total of 46.81% of the company’s stock is owned by insiders.

During the past 12 months, Las Vegas Sands Corp has had a low of $42.99 and a high of $61.25. As of last week, the company has a debt-to-equity ratio of 3.53, a current ratio of 1.30, and a quick ratio of 1.29. The fifty day moving average price for LVS is $46.1904 and a two-hundred day moving average price translates $48.56245 for the stock.

The latest earnings results from Las Vegas Sands Corp (NYSE: LVS) was released for 2024-03-31. The net profit margin was 13.99% and return on equity was 39.16% for LVS. The company reported revenue of $2.96 billion for the quarter, compared to $2.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.58 percent.

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