Bank of America Corporation reissued their neutral rating on shares of Wynn Resorts, Limited (NASDAQ:WYNN) in a research note released on Friday. They currently have a $140.00 target price on the casino operator’s stock, up from their prior target price of $135.00.

Other equities research analysts have also recently issued research reports about the company. Vetr raised Wynn Resorts, Limited from a hold rating to a buy rating and set a $119.59 price target for the company in a research note on Monday, April 17th. Telsey Advisory Group reissued an outperform rating and issued a $145.00 price target (up previously from $110.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, April 26th. TheStreet raised Wynn Resorts, Limited from a c rating to a b- rating in a research note on Thursday, March 30th. Aegis reissued a buy rating and issued a $132.00 price target (up previously from $121.00) on shares of Wynn Resorts, Limited in a research note on Saturday, April 29th. Finally, Sanford C. Bernstein reissued an outperform rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Wynn Resorts, Limited currently has an average rating of Buy and an average target price of $125.04.

Wynn Resorts, Limited (NASDAQ WYNN) opened at 134.14 on Friday. The firm’s 50-day moving average is $133.90 and its 200-day moving average is $114.76. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $139.67. The firm has a market capitalization of $13.65 billion, a PE ratio of 50.98 and a beta of 1.73.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Tuesday, April 25th. The casino operator reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.28. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Wynn Resorts, Limited had a return on equity of 264.58% and a net margin of 5.41%. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. On average, equities research analysts expect that Wynn Resorts, Limited will post $4.77 EPS for the current year.

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In related news, EVP Kimmarie Sinatra sold 22,624 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $129.12, for a total value of $2,921,210.88. Following the completion of the transaction, the executive vice president now directly owns 221,067 shares in the company, valued at $28,544,171.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Matt Maddox sold 60,000 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $124.25, for a total value of $7,455,000.00. Following the completion of the transaction, the president now owns 354,895 shares of the company’s stock, valued at $44,095,703.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,309 shares of company stock valued at $16,761,891. Corporate insiders own 13.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Newman Dignan & Sheerar Inc. purchased a new position in shares of Wynn Resorts, Limited during the first quarter worth approximately $210,000. Gulf International Bank UK Ltd raised its position in shares of Wynn Resorts, Limited by 13.9% in the first quarter. Gulf International Bank UK Ltd now owns 1,639 shares of the casino operator’s stock worth $187,000 after buying an additional 200 shares during the last quarter. Chesley Taft & Associates LLC purchased a new position in shares of Wynn Resorts, Limited during the first quarter worth approximately $1,034,000. CT Financial Advisors LLC raised its position in shares of Wynn Resorts, Limited by 2.5% in the first quarter. CT Financial Advisors LLC now owns 2,250 shares of the casino operator’s stock worth $258,000 after buying an additional 55 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Wynn Resorts, Limited by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,536 shares of the casino operator’s stock worth $7,855,000 after buying an additional 2,225 shares during the last quarter. Institutional investors and hedge funds own 75.31% 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.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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