Las Vegas Sands Corp (NYSE:LVS) shares traded 1.65% higher at $52.87 on Wall Street last session.
LVS stock price is now 23.23% away from the 50-day moving average and 13.48% away from the 200-day moving average. The market capitalization of the company currently stands at $38.94B.
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With the price target reduced from $70 to $49, UBS Downgraded its rating from Buy to Neutral for Las Vegas Sands Corp (NYSE: LVS). , while ‘Seaport Research Partners’ rates the stock as ‘Buy’
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 $9.14 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 47.64% of the company’s stock is owned by insiders.
During the past 12 months, Las Vegas Sands Corp has had a low of $36.62 and a high of $55.65. As of last week, the company has a debt-to-equity ratio of 3.66, a current ratio of 1.58, and a quick ratio of 1.57. According to the stock market information, the enterprise value for the company is $48101236736, which is based on a 24.80 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for LVS is $42.9042 and a two-hundred day moving average price translates $46.5882 for the stock.
The latest earnings results from Las Vegas Sands Corp (NYSE: LVS) was released for 2024-06-30. The net profit margin was 14.08% and return on equity was 39.81% for LVS. The company reported revenue of $2.76 billion for the quarter, compared to $2.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.62 percent.
