Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have been given an average recommendation of “Hold” by the twenty-six research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $139.91.

A number of brokerages recently commented on WYNN. Telsey Advisory Group restated a “market perform” rating and set a $157.00 target price (up from $150.00) on shares of Wynn Resorts, Limited in a report on Monday, October 2nd. Zacks Investment Research upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a report on Tuesday, September 26th. UBS AG restated a “buy” rating and set a $174.00 target price (up from $149.00) on shares of Wynn Resorts, Limited in a report on Friday, September 29th. Stifel Nicolaus restated a “hold” rating and set a $134.00 target price (up from $128.00) on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. Finally, Union Gaming Research restated a “hold” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th.

In other news, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the president now directly owns 350,586 shares in the company, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. In the last three months, insiders sold 67,351 shares of company stock worth $9,621,369. Corporate insiders own 13.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Wynn Resorts, Limited by 3.1% in the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock valued at $1,108,476,000 after purchasing an additional 246,476 shares during the period. BlackRock Inc. boosted its stake in shares of Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock valued at $566,852,000 after buying an additional 4,850,373 shares in the last quarter. State Street Corp boosted its stake in shares of Wynn Resorts, Limited by 0.8% in the first quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock valued at $379,153,000 after buying an additional 26,867 shares in the last quarter. OZ Management LP boosted its stake in shares of Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock valued at $244,350,000 after buying an additional 423,658 shares in the last quarter. Finally, Platinum Investment Management Ltd. boosted its stake in shares of 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. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts, Limited (WYNN) traded down 0.23% during mid-day trading on Wednesday, hitting $143.61. The company had a trading volume of 2,219,575 shares. The company has a market capitalization of $14.64 billion, a P/E ratio of 53.75 and a beta of 1.67. The company has a 50-day moving average price of $142.34 and a 200 day moving average price of $130.52. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business posted $1.07 EPS. Wynn Resorts, Limited’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, analysts forecast that Wynn Resorts, Limited will post $5.03 EPS for the current fiscal year.

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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.

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

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