Traders sold shares of Wynn Resorts, Limited (NASDAQ:WYNN) on strength during trading on Friday. $109.33 million flowed into the stock on the tick-up and $159.21 million flowed out of the stock on the tick-down, for a money net flow of $49.88 million out of the stock. Of all companies tracked, Wynn Resorts, Limited had the 0th highest net out-flow for the day. Wynn Resorts, Limited traded up $4.54 for the day and closed at $148.92

WYNN has been the topic of several analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Wynn Resorts, Limited in a research report on Monday, June 5th. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $135.52 price objective on the stock in a research report on Monday, June 12th. BidaskClub raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Instinet reaffirmed a “neutral” rating and issued a $137.00 price objective (up from $130.00) on shares of Wynn Resorts, Limited in a research report on Monday, June 19th. Finally, Morgan Stanley reissued an “overweight” rating and set a $151.00 price target (up from $133.00) on shares of Wynn Resorts, Limited in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $133.87.

The firm has a market capitalization of $15.18 billion, a price-to-earnings ratio of 55.73 and a beta of 1.69. The stock has a 50 day moving average price of $136.42 and a 200 day moving average price of $126.96.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The company’s revenue was up 44.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Equities research analysts expect that Wynn Resorts, Limited will post $4.90 earnings per share for the current fiscal year.

In other Wynn Resorts, Limited news, Director Clark T. Jr. Randt sold 3,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the transaction, the director now owns 7,711 shares in the company, valued at $994,719. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Matt Maddox sold 42,900 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the transaction, the president now owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,351 shares of company stock valued at $9,621,369. Insiders own 13.20% of the company’s stock.

Several institutional investors have recently modified their holdings of WYNN. FNY Partners Fund LP raised its position 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 acquiring an additional 1,080 shares during the period. Reilly Financial Advisors LLC raised its position in shares of 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 acquiring an additional 1,000 shares during the period. Financial Architects Inc raised its position in shares of 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 acquiring an additional 50 shares during the period. IFP Advisors Inc raised its position in shares of Wynn Resorts, Limited by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after acquiring an additional 365 shares during the period. Finally, Hanseatic Management Services Inc. raised its position in shares of Wynn Resorts, Limited by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after acquiring an additional 1,301 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

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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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