Barclays PLC upgraded shares of Wynn Resorts, Limited (NASDAQ:WYNN) from an equal weight rating to an overweight rating in a report published on Friday, May 12th. Barclays PLC currently has $144.00 price target on the casino operator’s stock, up from their previous price target of $87.00.

Several other research analysts have also weighed in on WYNN. Aegis reaffirmed a hold rating and set a $95.00 price target (up previously from $87.00) on shares of Wynn Resorts, Limited in a research report on Friday, January 27th. Instinet decreased their target price on Wynn Resorts, Limited from $103.00 to $99.00 and set a neutral rating on the stock in a report on Monday, April 3rd. Morgan Stanley reissued an overweight rating on shares of Wynn Resorts, Limited in a report on Thursday, January 19th. Telsey Advisory Group boosted their target price on Wynn Resorts, Limited from $106.00 to $110.00 and gave the stock an outperform rating in a report on Friday, January 27th. Finally, Vetr lowered Wynn Resorts, Limited from a buy rating to a hold rating and set a $119.59 target price on the stock. in a report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $121.45.

Shares of Wynn Resorts, Limited (WYNN) traded up 0.31% during trading on Friday, reaching $134.46. The company’s stock had a trading volume of 1,806,881 shares. The stock’s 50 day moving average price is $127.35 and its 200 day moving average price is $107.87. The company has a market cap of $13.68 billion, a PE ratio of 51.11 and a beta of 1.70. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $136.98.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings results on Tuesday, April 25th. The casino operator reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.28. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Wynn Resorts, Limited had a return on equity of 264.58% and a net margin of 5.41%. The business’s quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 EPS. Equities research analysts predict that Wynn Resorts, Limited will post $4.72 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Thursday, May 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. Wynn Resorts, Limited’s payout ratio is 76.05%.

In other news, Director Patricia Mulroy sold 2,226 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $128.08, for a total value of $285,106.08. Following the completion of the sale, the director now owns 8,011 shares of the company’s stock, valued at $1,026,048.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John J. Hagenbuch sold 1,150 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $128.40, for a total value of $147,660.00. Following the completion of the sale, the director now directly owns 11,662 shares of the company’s stock, valued at approximately $1,497,400.80. The disclosure for this sale can be found here. In the last three months, insiders sold 86,000 shares of company stock valued at $10,808,977. Insiders own 13.20% of the company’s stock.

Several large investors have recently modified their holdings of WYNN. Achmea Investment Management B.V. bought a new stake in shares of Wynn Resorts, Limited during the first quarter valued at $273,000. Bank of Nova Scotia acquired a new stake in Wynn Resorts, Limited during the first quarter valued at approximately $2,087,000. FNY Partners Fund LP boosted its stake in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after buying an additional 1,080 shares in the last quarter. First Financial Equity Corporation acquired a new stake in Wynn Resorts, Limited during the first quarter valued at approximately $261,000. Finally, Platinum Investment Management Ltd. boosted its stake in Wynn Resorts, Limited by 0.7% in the first quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock valued at $197,625,000 after buying an additional 11,600 shares in the last quarter. 75.22% of the stock is owned by institutional investors.

About Wynn Resorts, Limited

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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