Las Vegas Sands Corp. (NYSE:LVS), the $31 billion casino operator with impressive gross profit margins of 79.4%, saw director Pant Muktesh recently acquire 23,000 shares of the company’s common stock, according to a recent SEC filing. The purchase, made on March 14, 2025, was executed at a weighted average price of $43.51 per share, with transaction prices ranging from $43.43 to $43.55. The total value of the transaction amounted to approximately $1,000,730. The shares were acquired by the Pant Family Revocable Trust, as disclosed in the filing. Following this transaction, Muktesh holds 23,000 shares in the company. According to InvestingPro analysis, Las Vegas Sands appears undervalued with a PEG ratio of 0.96, suggesting attractive growth potential relative to its current valuation. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro offers exclusive access to detailed Pro Research Reports covering 1,400+ top stocks.
In other recent news, Las Vegas Sands Corp. has made several noteworthy announcements. The company reported the appointment of Muktesh "Micky" Pant to its Board of Directors, enhancing its governance with Pant’s extensive experience. Additionally, Las Vegas Sands has secured a significant $8.98 billion credit facility for its subsidiary, Marina Bay Sands Pte. Ltd., aimed at refinancing existing debt and supporting the expansion of its integrated resort in Singapore. This new credit agreement replaces a longstanding facility from 2012, which the company recently terminated.
Furthermore, Las Vegas Sands announced a planned leadership transition, with CEO Robert G. Goldstein set to become a senior advisor in 2026, and Patrick Dumont expected to succeed him as chairman and CEO. On the analyst front, Stifel has maintained a Buy rating on Las Vegas Sands, with a price target of $64, noting confidence in the company’s management and potential long-term success in Macau. These developments reflect Las Vegas Sands’ strategic financial maneuvers and leadership planning as it continues to navigate the evolving hospitality and gaming landscape.
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