Insider Selling: Wynn Resorts, Limited (NASDAQ:WYNN) CEO Sells 19,235 Shares of Stock

Wynn Resorts, Limited (NASDAQ:WYNNGet Free Report) CEO Craig Scott Billings sold 19,235 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the sale, the chief executive officer now owns 307,904 shares in the company, valued at approximately $33,253,632. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Craig Scott Billings also recently made the following trade(s):

  • On Tuesday, January 9th, Craig Scott Billings sold 11,451 shares of Wynn Resorts stock. The stock was sold at an average price of $95.26, for a total value of $1,090,822.26.
  • On Tuesday, January 9th, Craig Scott Billings sold 11,451 shares of Wynn Resorts stock. The stock was sold at an average price of $95.26, for a total transaction of $1,090,822.26.
  • On Thursday, January 11th, Craig Scott Billings sold 1,336 shares of Wynn Resorts stock. The shares were sold at an average price of $93.90, for a total transaction of $125,450.40.
  • On Tuesday, January 9th, Craig Scott Billings sold 11,451 shares of Wynn Resorts stock. The shares were sold at an average price of $95.26, for a total value of $1,090,822.26.

Wynn Resorts Price Performance

NASDAQ WYNN traded up $0.12 on Monday, reaching $105.72. 1,865,298 shares of the company’s stock traded hands, compared to its average volume of 2,153,306. The stock has a market cap of $11.94 billion, a PE ratio of 17.68 and a beta of 1.93. The stock has a 50-day simple moving average of $93.11 and a 200 day simple moving average of $93.25. Wynn Resorts, Limited has a 12 month low of $81.65 and a 12 month high of $117.86.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.76. Wynn Resorts had a negative return on equity of 28.70% and a net margin of 11.18%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned ($1.23) EPS. Wynn Resorts’s revenue for the quarter was up 83.1% compared to the same quarter last year. As a group, analysts anticipate that Wynn Resorts, Limited will post 4.79 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. Wynn Resorts’s dividend payout ratio is currently 16.72%.

Analysts Set New Price Targets

Several brokerages have issued reports on WYNN. Susquehanna increased their price target on Wynn Resorts from $105.00 to $115.00 and gave the stock a “positive” rating in a report on Thursday. Stifel Nicolaus reduced their price objective on shares of Wynn Resorts from $135.00 to $125.00 and set a “buy” rating for the company in a report on Friday, November 10th. HSBC began coverage on Wynn Resorts in a research report on Monday, October 23rd. They set a “buy” rating and a $111.00 target price on the stock. Barclays raised their price objective on Wynn Resorts from $108.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley dropped their target price on shares of Wynn Resorts from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $119.23.

Get Our Latest Report on Wynn Resorts

Institutional Investors Weigh In On Wynn Resorts

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Wynn Resorts by 3,000.0% in the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock worth $25,000 after buying an additional 270 shares during the period. Sunbelt Securities Inc. raised its stake in Wynn Resorts by 4,285.7% during the third quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock valued at $28,000 after buying an additional 300 shares during the last quarter. Kistler Tiffany Companies LLC boosted its holdings in Wynn Resorts by 66.7% in the second quarter. Kistler Tiffany Companies LLC now owns 375 shares of the casino operator’s stock worth $40,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Wynn Resorts in the fourth quarter worth $38,000. Finally, Acadian Asset Management LLC bought a new position in shares of Wynn Resorts during the first quarter valued at $45,000. Hedge funds and other institutional investors own 61.88% of the company’s stock.

About Wynn Resorts

(Get Free Report)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

Further Reading

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

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