Las Vegas Sands Corp. $LVS Shares Sold by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,342 shares of the casino operator’s stock after selling 22,051 shares during the quarter. Las Vegas Sands comprises 1.0% of Osborne Partners Capital Management LLC’s holdings, making the stock its 22nd biggest position. Osborne Partners Capital Management LLC owned about 0.06% of Las Vegas Sands worth $20,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Total Investment Management Inc. acquired a new position in shares of Las Vegas Sands during the second quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Las Vegas Sands in the third quarter valued at $33,000. Mizuho Securities Co. Ltd. bought a new position in Las Vegas Sands during the second quarter valued at about $41,000. CYBER HORNET ETFs LLC acquired a new position in Las Vegas Sands during the second quarter worth about $42,000. Finally, FNY Investment Advisers LLC bought a new stake in Las Vegas Sands in the second quarter worth about $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Trading Down 0.8%

NYSE LVS opened at $58.50 on Wednesday. The firm’s 50 day moving average price is $64.90 and its two-hundred day moving average price is $57.68. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $70.45. The stock has a market cap of $39.56 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.43 and a beta of 0.97.

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

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, COO Patrick Dumont sold 210,305 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $69.96, for a total value of $14,712,937.80. Following the completion of the sale, the chief operating officer owned 446,608 shares in the company, valued at $31,244,695.68. This represents a 32.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total transaction of $79,925,982.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,182,053 shares of company stock worth $333,348,399 in the last quarter. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on LVS. Macquarie raised their price objective on shares of Las Vegas Sands from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. JPMorgan Chase & Co. increased their target price on shares of Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Argus raised their target price on shares of Las Vegas Sands from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Zacks Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Seaport Global Securities cut their target price on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.05.

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.