Las Vegas Sands (NYSE:LVS) Price Target Lowered to $61.00 at JPMorgan Chase & Co.

Las Vegas Sands (NYSE:LVS) had its target price decreased by JPMorgan Chase & Co. from $62.00 to $61.00 in a report released on Wednesday. JPMorgan Chase & Co. currently has an overweight rating on the casino operator’s stock.

LVS has been the topic of several other reports. Barclays lowered their target price on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday. Morgan Stanley reissued an “equal weight” rating and set a $51.00 target price (down from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Jefferies Financial Group upgraded 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 report on Friday, January 3rd. Finally, Susquehanna boosted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average target price of $60.33.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $43.52 on Wednesday. The firm’s 50-day simple moving average is $50.06 and its 200-day simple moving average is $46.72. Las Vegas Sands has a 1 year low of $36.62 and a 1 year high of $56.60. The firm has a market cap of $31.55 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. Equities analysts forecast that Las Vegas Sands will post 2.36 earnings per share for the current fiscal year.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands 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 transaction of $3,191,114.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Las Vegas Sands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Las Vegas Sands during the third quarter worth about $26,000. CVA Family Office LLC grew its holdings in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after purchasing an additional 247 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Las Vegas Sands in the third quarter valued at $34,000. Finally, GAMMA Investing LLC lifted its position in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.