Wynn Resorts, Limited (NASDAQ:WYNN) saw unusually large options trading activity on Friday. Stock traders purchased 2,841 call options on the company. This is an increase of approximately 102% compared to the average volume of 1,404 call options.

WYNN has been the subject of several analyst reports. TheStreet upgraded shares of Wynn Resorts, Limited from a “c” rating to a “b-” rating in a research note on Thursday, March 30th. Aegis upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Tuesday, March 21st. Vetr lowered shares of Wynn Resorts, Limited from a “strong-buy” rating to a “buy” rating and set a $118.54 price target for the company. in a research note on Thursday, March 16th. Argus upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and raised their price target for the stock from $119.80 to $135.00 in a research note on Wednesday, April 5th. Finally, Zacks Investment Research upgraded shares of Wynn Resorts, Limited from a “strong sell” rating to a “buy” rating and set a $131.00 price target for the company in a research note on Monday, April 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Wynn Resorts, Limited currently has a consensus rating of “Buy” and a consensus target price of $122.10.

In related news, President Matt Maddox sold 60,000 shares of the firm’s stock in a transaction dated 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 transaction, the president now owns 354,895 shares of the company’s stock, valued at approximately $44,095,703.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Patricia Mulroy sold 2,226 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total transaction of $285,106.08. Following the completion of the transaction, the director now directly owns 8,011 shares in the company, valued at approximately $1,026,048.88. The disclosure for this sale can be found here. Insiders have sold a total of 130,309 shares of company stock worth $16,761,891 in the last three months. Insiders own 13.20% of the company’s stock.

Several large investors have recently modified their holdings of WYNN. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Wynn Resorts, Limited by 83.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock worth $117,000 after buying an additional 462 shares in the last quarter. FNY Partners Fund LP boosted its stake in shares of 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 worth $126,000 after buying an additional 1,080 shares in the last quarter. Mercer Capital Advisers Inc. purchased a new stake in shares of Wynn Resorts, Limited during the first quarter worth about $143,000. Gulf International Bank UK Ltd boosted its stake 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 in the last quarter. Finally, Newman Dignan & Sheerar Inc. purchased a new stake in shares of Wynn Resorts, Limited during the first quarter worth about $210,000. Institutional investors own 75.21% of the company’s stock.

Wynn Resorts, Limited (NASDAQ:WYNN) traded up 1.405% during trading on Friday, reaching $134.625. The company had a trading volume of 723,681 shares. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $139.67. The company has a market capitalization of $13.70 billion, a P/E ratio of 51.169 and a beta of 1.70. The stock has a 50 day moving average of $130.68 and a 200-day moving average of $110.37.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, April 25th. The casino operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.28. The firm 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 business’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 earnings per share. Equities research analysts expect that Wynn Resorts, Limited will post $4.78 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.

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