Wynn Resorts, Limited (NASDAQ:WYNN) President Matt Maddox sold 59,260 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. The sale was disclosed in a document filed with the SEC, which is available through this link.

Matt Maddox also recently made the following trade(s):

  • On Friday, September 15th, Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock. The shares were sold at an average price of $143.44, for a total transaction of $6,153,576.00.

Wynn Resorts, Limited (NASDAQ:WYNN) traded down $1.64 during midday trading on Wednesday, hitting $153.60. 1,099,300 shares of the company traded hands, compared to its average volume of 2,094,015. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts, Limited has a twelve month low of $84.88 and a twelve month high of $156.40. The company has a market capitalization of $15,955.96, a PE ratio of 34.96 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue was up 45.3% on a year-over-year basis. sell-side analysts predict that Wynn Resorts, Limited will post 5.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Thursday, November 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, November 15th. Wynn Resorts, Limited’s payout ratio is presently 55.25%.

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Several analysts have issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $134.00 target price (up from $128.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, July 26th. BidaskClub downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Bank of America Corporation reissued a “neutral” rating and set a $140.00 target price (up from $135.00) on shares of Wynn Resorts, Limited in a research note on Friday, July 21st. UBS AG downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Citigroup Inc. boosted their target price on shares of Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $148.11.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WYNN. Thrivent Financial For Lutherans lifted its stake in Wynn Resorts, Limited by 5.4% during the first quarter. Thrivent Financial For Lutherans now owns 2,910 shares of the casino operator’s stock worth $334,000 after purchasing an additional 150 shares during the period. Dimensional Fund Advisors LP lifted its stake in Wynn Resorts, Limited by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 188,926 shares of the casino operator’s stock worth $21,652,000 after purchasing an additional 8,774 shares during the period. Xact Kapitalforvaltning AB lifted its stake in Wynn Resorts, Limited by 0.6% during the second quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock worth $854,000 after purchasing an additional 39 shares during the period. Bank of Montreal Can lifted its stake in Wynn Resorts, Limited by 13.0% during the second quarter. Bank of Montreal Can now owns 48,232 shares of the casino operator’s stock worth $6,470,000 after purchasing an additional 5,547 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in Wynn Resorts, Limited by 509.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 13,234 shares of the casino operator’s stock worth $1,775,000 after purchasing an additional 11,063 shares during the period. Institutional investors and hedge funds own 70.67% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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