Las Vegas Sands (NYSE:LVS) Price Target Lowered to $62.00 at Deutsche Bank Aktiengesellschaft

Las Vegas Sands (NYSE:LVS) had its price objective decreased by analysts at Deutsche Bank Aktiengesellschaft from $66.00 to $62.00 in a report released on Wednesday. The firm presently has a “buy” rating on the casino operator’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 41.33% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Susquehanna lifted their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $51.00 price target (down from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Finally, UBS Group raised their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $60.33.

Las Vegas Sands Stock Up 1.5 %

Shares of LVS traded up $0.64 during trading hours on Wednesday, reaching $43.87. The company’s stock had a trading volume of 2,535,719 shares, compared to its average volume of 4,519,878. The company has a 50 day moving average of $50.06 and a two-hundred day moving average of $46.72. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 1.00 and a beta of 1.09. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the 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 disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Las Vegas Sands

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

About Las Vegas Sands

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.