Other equities analysts also recently issued research reports about the stock. Citigroup Inc. lifted their price objective on shares of Wynn Resorts, Limited to $161.00 and gave the stock a buy rating in a report on Monday. Deutsche Bank AG set a $161.00 price objective on shares of Wynn Resorts, Limited and gave the stock a buy rating in a report on Monday. BidaskClub downgraded shares of Wynn Resorts, Limited from a buy rating to a hold rating in a report on Wednesday, July 19th. Instinet reaffirmed a neutral rating and issued a $137.00 price objective (up previously from $130.00) on shares of Wynn Resorts, Limited in a report on Monday, June 19th. Finally, Zacks Investment Research raised shares of Wynn Resorts, Limited from a hold rating to a buy rating and set a $162.00 price objective for the company in a report on Tuesday, September 26th. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Wynn Resorts, Limited currently has an average rating of Buy and a consensus target price of $136.76.
Shares of Wynn Resorts, Limited (NASDAQ WYNN) traded down 0.235% during mid-day trading on Friday, reaching $146.465. 216,756 shares of the company were exchanged. The firm has a market capitalization of $14.93 billion, a price-to-earnings ratio of 54.815 and a beta of 1.67. The company’s 50-day moving average is $143.64 and its 200 day moving average is $131.82. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $150.40.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a net margin of 6.98% and a return on equity of 121.81%. The firm’s revenue was up 44.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. Analysts predict that Wynn Resorts, Limited will post $5.08 EPS for the current year.
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In other Wynn Resorts, Limited news, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the sale, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares in the company, valued at $994,719. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,351 shares of company stock worth $9,621,369. 13.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of WYNN. Neuberger Berman Group LLC acquired a new stake in Wynn Resorts, Limited during the 1st quarter worth about $500,000. OppenheimerFunds Inc. raised its holdings in Wynn Resorts, Limited by 11.8% during the 1st quarter. OppenheimerFunds Inc. now owns 5,168 shares of the casino operator’s stock worth $592,000 after buying an additional 545 shares during the period. Principal Financial Group Inc. raised its holdings in Wynn Resorts, Limited by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 118,146 shares of the casino operator’s stock worth $13,540,000 after buying an additional 3,637 shares during the period. Teachers Advisors LLC raised its holdings in Wynn Resorts, Limited by 190.5% during the 1st quarter. Teachers Advisors LLC now owns 258,155 shares of the casino operator’s stock worth $29,587,000 after buying an additional 169,283 shares during the period. Finally, Ngam Advisors L.P. acquired a new stake in Wynn Resorts, Limited during the 1st quarter worth about $1,204,000. Hedge funds and other institutional investors own 70.80% of the company’s stock.
Wynn Resorts, Limited Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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