Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Xponance Inc.

Xponance Inc. reduced its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 36.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,786 shares of the casino operator’s stock after selling 7,416 shares during the period. Xponance Inc.’s holdings in Wynn Resorts were worth $1,165,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in Wynn Resorts by 3,000.0% in the fourth quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Sunbelt Securities Inc. raised its position in Wynn Resorts by 4,285.7% in the third quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 300 shares during the period. Venturi Wealth Management LLC raised its position in Wynn Resorts by 1,083.8% in the fourth quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 401 shares during the period. Federated Hermes Inc. raised its position in Wynn Resorts by 47.5% in the fourth quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 140 shares during the period. Finally, Friedenthal Financial purchased a new stake in Wynn Resorts in the fourth quarter valued at approximately $46,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.17, for a total value of $100,963.20. Following the completion of the transaction, the director now owns 522 shares in the company, valued at $54,898.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.17, for a total value of $100,963.20. Following the completion of the transaction, the director now owns 522 shares in the company, valued at $54,898.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig Scott Billings sold 19,235 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the completion of the transaction, the chief executive officer now owns 307,904 shares of the company’s stock, valued at approximately $33,253,632. The disclosure for this sale can be found here. Insiders sold 26,578 shares of company stock worth $2,850,282 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on WYNN shares. Bank Of America (Bofa) boosted their target price on Wynn Resorts from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Susquehanna boosted their target price on Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. StockNews.com raised Wynn Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Morgan Stanley upped their price objective on Wynn Resorts from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. upped their price objective on Wynn Resorts from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.43.

Wynn Resorts Price Performance

NASDAQ:WYNN opened at $97.06 on Thursday. The firm has a market capitalization of $10.88 billion, a PE ratio of 16.23 and a beta of 1.93. The business’s fifty day moving average price is $101.85 and its 200 day moving average price is $95.05. Wynn Resorts, Limited has a 12 month low of $81.65 and a 12 month high of $117.86.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating the consensus estimate of $1.15 by $0.76. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. Wynn Resorts’s revenue for the quarter was up 83.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.23) earnings per share. As a group, equities analysts anticipate that Wynn Resorts, Limited will post 5.37 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 1.03%. Wynn Resorts’s dividend payout ratio is presently 16.72%.

About Wynn Resorts

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.