The President & COO of Las Vegas Sands (NYSE: LVS) is Selling Shares

By Carrie Williams

Today, the President & COO of Las Vegas Sands (NYSE: LVS), Robert G. Goldstein, sold shares of LVS for $10.63M.

Following Robert G. Goldstein’s last LVS Sell transaction on January 06, 2016, the stock climbed by 21.2%. In addition to Robert G. Goldstein, one other LVS executive reported Sell trades in the last month.

Based on Las Vegas Sands’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.97 billion and quarterly net profit of $513 million. In comparison, last year the company earned revenue of $2.89 billion and had a net profit of $519 million. The company has a one year high of $63.38 and a one year low of $34.88. LVS’s market cap is $49.71B and the company has a P/E ratio of 30.51.

Five different firms, including Bernstein and Citigroup, currently also have a Sell rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $58.57, reflecting a 6.1% upside.

In the last 30 days, insiders have sold $10.63M worth of LVS shares and purchased $3.45M worth of LVS shares. The insider sentiment on Las Vegas Sands has been positive according to 14 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

Las Vegas Sands Corp. is a developer of destination properties that feature accommodations, world-class gaming, entertainment and retail, convention and exhibition facilities, and celebrity chef restaurants. It operates through the following segments: The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao; Other Asia; Marina Bay Sands; The Venetian Las Vegas, which includes the Sands Expo Center; The Palazzo; and Sands Bethlehem. The company was founded by Sheldon G. Adelson in August 2004 and is headquartered in Las Vegas, NV.