The stock of Las Vegas Sands Corp (NYSE:LVS) last traded at $45.91, up 2.91% from the previous session.
LVS stock price is now -0.27% away from the 50-day moving average and -5.36% away from the 200-day moving average. The market capitalization of the company currently stands at $34.21B.
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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 $7.93 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 $45.9146 and a two-hundred day moving average price translates $48.47735 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.
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.
