Wynn Resorts, Limited (NASDAQ:WYNN) President Matt Maddox sold 42,900 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares of the company’s stock, valued at $50,288,055.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 145.69 on Thursday. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 54.52 and a beta of 1.69. The firm has a 50-day moving average price of $136.42 and a 200 day moving average price of $126.96. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $147.90.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating 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 return on equity of 165.77% and a net margin of 5.02%. The company’s quarterly revenue was up 44.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. On average, analysts predict that Wynn Resorts, Limited will post $4.90 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.37%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is currently 74.91%.

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A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Wynn Resorts, Limited by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock valued at $1,108,476,000 after purchasing an additional 246,476 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Wynn Resorts, Limited by 5,076.4% in the 1st quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after buying an additional 4,850,373 shares during the last quarter. State Street Corp boosted its stake in shares of Wynn Resorts, Limited by 0.8% in the 1st quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock worth $379,153,000 after buying an additional 26,867 shares during the last quarter. OZ Management LP boosted its stake in shares of Wynn Resorts, Limited by 24.8% in the 1st quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after buying an additional 423,658 shares during the last quarter. Finally, Platinum Investment Management Ltd. boosted its stake in shares of Wynn Resorts, Limited by 0.7% in the 1st quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock worth $197,625,000 after buying an additional 11,600 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

A number of research analysts have issued reports on WYNN shares. Instinet reissued a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, May 24th. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 target price for the company in a research note on Friday, July 14th. BidaskClub raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Deutsche Bank AG raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and boosted their target price for the company from $138.00 to $150.00 in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Wynn Resorts, Limited has an average rating of “Hold” and an average price target of $130.24.

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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