Asia stocks: Japan, S. Korea hit record highs amid Fed easing bets; China dips
Director Charles D. Forman of Las Vegas Sands Corp (NASDAQ:LVS), a casino operator with impressive gross profit margins of 79% and market capitalization of $37.6 billion, sold 20,000 shares of common stock on September 10, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $54.13, for a total transaction value of $1.08 million.
The prices for the sales ranged from $53.84 to $54.40. Following the transaction, Forman directly owns 187,828 shares of Las Vegas Sands Corp.
In other recent news, Las Vegas Sands reported a strong financial performance for the second quarter of 2025, surpassing analysts’ expectations with earnings per share of $0.79, compared to the projected $0.53. The company’s revenue reached $3.18 billion, exceeding the anticipated $2.84 billion. Citi raised its price target for Las Vegas Sands to $72.50 from $70.50, maintaining a Buy rating, and highlighted the record-high quarterly EBITDA of $768 million at Marina Bay Sands. Stifel also increased its price target to $60, citing the resort’s approach to a $2.5 billion EBITDA run rate. Mizuho adjusted its price target to $56, noting mixed results but emphasizing strength in Singapore. UBS raised its target to $55, following the company’s significant outperformance at Marina Bay Sands. These developments reflect the ongoing positive momentum for Las Vegas Sands, particularly at its Singapore property.
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