Vanguard Group Inc. reduced its stake in Las Vegas Sands Corp. by 2.0% in Q3, selling 844,847 shares, but still owning 42,227,167 shares valued at $2.27 billion. The casino operator exceeded Q4 earnings estimates with $0.85 EPS and $3.65 billion in revenue, and increased its quarterly dividend to $0.30. Despite significant insider selling totaling approximately $207 million, analysts maintain a “Moderate Buy” rating with a consensus price target of $68.55.
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Vanguard Group Inc. Trims Holdings in Las Vegas Sands Corp. $LVS
Vanguard Group Inc. reduced its stake in Las Vegas Sands Corp. by 2.0% in Q3, selling 844,847 shares, but still owning 42,227,167 shares valued at $2.27 billion. The casino operator exceeded Q4 earnings estimates with $0.85 EPS and $3.65 billion in revenue, and increased its quarterly dividend to $0.30. Despite significant insider selling totaling approximately $207 million, analysts maintain a “Moderate Buy” rating with a consensus price target of $68.55.