Wynn Resorts, Limited (NASDAQ:WYNN) has earned a consensus recommendation of “Buy” from the twenty-seven research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $132.13.

WYNN has been the topic of several recent analyst reports. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $119.59 price target on the stock in a report on Monday, April 17th. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target (up from $110.00) on shares of Wynn Resorts, Limited in a report on Wednesday, April 26th. TheStreet upgraded Wynn Resorts, Limited from a “c” rating to a “b-” rating in a report on Thursday, March 30th. Aegis reiterated a “buy” rating and issued a $132.00 price target (up from $121.00) on shares of Wynn Resorts, Limited in a report on Saturday, April 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th.

In other news, EVP Kimmarie Sinatra sold 22,624 shares of the firm’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 sale, the executive vice president now owns 221,067 shares of the company’s stock, valued at approximately $28,544,171.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Matt Maddox sold 60,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $124.25, for a total value of $7,455,000.00. Following the completion of the sale, the president now directly owns 354,895 shares of the company’s stock, valued at approximately $44,095,703.75. The disclosure for this sale can be found here. Insiders sold a total of 130,309 shares of company stock valued at $16,761,891 in the last three months. Insiders own 13.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in 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 during the last quarter. 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 worth $126,000 after buying an additional 1,080 shares during the last quarter. Mercer Capital Advisers Inc. acquired a new stake in Wynn Resorts, Limited during the first quarter worth $143,000. Reilly Financial Advisors LLC boosted its stake in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after buying an additional 1,000 shares during the last quarter. Finally, Financial Architects Inc boosted its stake in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares during the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.

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Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded up 1.62% during midday trading on Friday, hitting $134.14. The stock had a trading volume of 1,646,717 shares. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $139.67. The company’s 50 day moving average is $133.90 and its 200 day moving average is $114.76. The company has a market cap of $13.65 billion, a PE ratio of 50.98 and a beta of 1.73.

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

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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