Wynn Resorts, Limited (NASDAQ:WYNN) had its price objective lifted by Morgan Stanley from $151.00 to $158.00 in a research report report published on Friday morning. Morgan Stanley currently has an overweight rating on the casino operator’s stock.

Several other equities research analysts have also issued reports on the stock. Instinet reaffirmed a neutral rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Vetr raised shares of Wynn Resorts, Limited from a hold rating to a buy rating and set a $146.26 price objective for the company in a research note on Friday, July 14th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. BidaskClub raised shares of Wynn Resorts, Limited from a hold rating to a buy rating in a research note on Friday, June 16th. Finally, Deutsche Bank AG raised shares of Wynn Resorts, Limited from a hold rating to a buy rating and lifted their price objective for the company from $138.00 to $150.00 in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $134.69.

Shares of Wynn Resorts, Limited (WYNN) traded up 1.12% on Friday, hitting $142.33. The company had a trading volume of 1,450,292 shares. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 53.27 and a beta of 1.67. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $150.40. The company has a 50 day moving average of $143.38 and a 200-day moving average of $131.58.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business earned $1.07 EPS. Wynn Resorts, Limited’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, analysts forecast that Wynn Resorts, Limited will post $5.08 earnings per share for the current year.

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In other news, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $129.00, for a total transaction of $387,000.00. Following the transaction, the director now owns 7,711 shares in the company, valued at approximately $994,719. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Matt Maddox sold 42,900 shares of the business’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 transaction, the president now owns 350,586 shares in the company, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,351 shares of company stock worth $9,621,369. Insiders own 13.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Davidson Kempner Capital Management LP increased its holdings in shares of Wynn Resorts, Limited by 41.7% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 212,500 shares of the casino operator’s stock worth $28,498,000 after purchasing an additional 62,500 shares during the period. W. E. Donoghue & Co. LLC bought a new position in shares of Wynn Resorts, Limited during the 2nd quarter worth about $2,318,000. Lord Abbett & CO. LLC increased its holdings in shares of Wynn Resorts, Limited by 107.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 525,254 shares of the casino operator’s stock worth $70,447,000 after purchasing an additional 271,575 shares during the period. USA Financial Portformulas Corp bought a new position in shares of Wynn Resorts, Limited during the 2nd quarter worth about $3,431,000. Finally, Sentry Investment Management LLC increased its holdings in shares of Wynn Resorts, Limited by 4.2% during the 2nd quarter. Sentry Investment Management LLC now owns 5,940 shares of the casino operator’s stock worth $797,000 after purchasing an additional 237 shares during the period. Institutional investors own 70.81% of the company’s stock.

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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