Director Irwin Chafetz Sold A Bunch Of Shares In Las Vegas Sands

Some Las Vegas Sands Corp. (NYSE:LVS) shareholders may be a little concerned to see that the Director, Irwin Chafetz, recently sold a substantial US$2.1m worth of stock at a price of US$69.76 per share. That sale reduced their total holding by 30% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At Las Vegas Sands

Notably, that recent sale by Irwin Chafetz is the biggest insider sale of Las Vegas Sands shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$66.40. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Over the last year we saw more insider selling of Las Vegas Sands shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Las Vegas Sands

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Insider Ownership Of Las Vegas Sands

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Las Vegas Sands insiders own about US$12b worth of shares (which is 26% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Las Vegas Sands Insiders?

Insiders sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Las Vegas Sands is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Las Vegas Sands is showing 3 warning signs in our investment analysis, and 1 of those is a bit unpleasant...

But note: Las Vegas Sands may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.