Universal Beteiligungs und Servicegesellschaft mbH Buys 18,348 Shares of Las Vegas Sands Corp. $LVS

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 12.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,966 shares of the casino operator’s stock after buying an additional 18,348 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Las Vegas Sands were worth $8,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Maple Rock Capital Partners Inc. grew its holdings in Las Vegas Sands by 124.4% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,003,880 shares of the casino operator’s stock worth $43,679,000 after acquiring an additional 556,440 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Las Vegas Sands by 7.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 644,286 shares of the casino operator’s stock valued at $28,033,000 after purchasing an additional 42,598 shares during the period. Donoghue Forlines LLC bought a new stake in Las Vegas Sands in the 3rd quarter valued at $2,143,000. Intech Investment Management LLC acquired a new position in shares of Las Vegas Sands during the second quarter worth about $1,254,000. Finally, CWM LLC grew its stake in shares of Las Vegas Sands by 78.0% during the 3rd quarter. CWM LLC now owns 102,576 shares of the casino operator’s stock worth $5,518,000 after acquiring an additional 44,940 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In related news, COO Patrick Dumont sold 135,603 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $67.96, for a total transaction of $9,215,579.88. Following the transaction, the chief operating officer directly owned 446,608 shares in the company, valued at approximately $30,351,479.68. The trade was a 23.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Goldstein sold 1,198,650 shares of Las Vegas Sands stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 5,182,053 shares of company stock worth $333,348,399. 1.20% of the stock is owned by corporate insiders.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $59.93 on Friday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market capitalization of $40.52 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.45 and a beta of 0.97. The stock’s 50 day moving average price is $64.54 and its two-hundred day moving average price is $57.85. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.Las Vegas Sands’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. On average, equities analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on LVS. Jefferies Financial Group reissued a “buy” rating and set a $78.00 price target on shares of Las Vegas Sands in a research report on Wednesday, December 24th. Zacks Research downgraded Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. The Goldman Sachs Group upgraded shares of Las Vegas Sands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.00 to $80.00 in a research report on Monday, December 15th. JPMorgan Chase & Co. increased their price objective on shares of Las Vegas Sands from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Seaport Research Partners dropped their price objective on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $69.12.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.