Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNNGet Rating) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,688 shares of the casino operator’s stock after purchasing an additional 8,599 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.06% of Wynn Resorts worth $4,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sierra Capital LLC purchased a new stake in shares of Wynn Resorts in the 2nd quarter valued at approximately $28,000. Mine & Arao Wealth Creation & Management LLC. purchased a new position in Wynn Resorts in the second quarter valued at $28,000. Crewe Advisors LLC increased its holdings in Wynn Resorts by 68.0% in the second quarter. Crewe Advisors LLC now owns 504 shares of the casino operator’s stock valued at $29,000 after buying an additional 204 shares during the last quarter. O Dell Group LLC raised its stake in Wynn Resorts by 58.3% in the second quarter. O Dell Group LLC now owns 527 shares of the casino operator’s stock valued at $30,000 after buying an additional 194 shares in the last quarter. Finally, Tsfg LLC purchased a new stake in Wynn Resorts during the 3rd quarter worth about $39,000. 70.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Wynn Resorts news, Director Betsy S. Atkins sold 5,707 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $83.65, for a total transaction of $477,390.55. Following the completion of the transaction, the director now owns 6,690 shares in the company, valued at approximately $559,618.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

WYNN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised Wynn Resorts from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $71.00 to $91.00 in a research report on Monday, November 28th. Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $85.00 to $109.00 in a research report on Wednesday, December 7th. Morgan Stanley increased their target price on shares of Wynn Resorts from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com raised shares of Wynn Resorts to a “sell” rating in a research report on Monday, November 21st. Finally, Citigroup upped their price objective on shares of Wynn Resorts from $87.50 to $91.00 and gave the company a “buy” rating in a research note on Monday, September 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.69.

Wynn Resorts Stock Performance

Shares of WYNN opened at $98.93 on Friday. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of -17.86 and a beta of 1.92. Wynn Resorts, Limited has a fifty-two week low of $50.20 and a fifty-two week high of $100.39. The firm has a 50-day simple moving average of $85.09 and a 200-day simple moving average of $70.41.

Wynn Resorts (NASDAQ:WYNNGet Rating) last posted its quarterly earnings data on Wednesday, November 9th. The casino operator reported ($1.20) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.20). The company had revenue of $889.70 million for the quarter, compared to analyst estimates of $867.42 million. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.24) earnings per share. Equities research analysts forecast that Wynn Resorts, Limited will post -4.5 EPS for the current year.

Wynn Resorts Profile

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Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.

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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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