Shares of Wynn Resorts Ltd. (NASDAQ:WYNN) rose 6.4% during mid-day trading on Monday . The stock traded as high as $95.59 and last traded at $95.46, with a volume of 2,453,356 shares traded. The stock had previously closed at $89.75.

WYNN has been the subject of several analyst reports. Vetr raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $101.35 price objective for the company in a research note on Monday, April 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Thursday, March 31st. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $103.00 price target (up previously from $78.00) on shares of Wynn Resorts in a research note on Friday, April 1st. Deutsche Bank AG reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Monday, March 28th. Finally, Morgan Stanley raised shares of Wynn Resorts from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $77.00 to $120.00 in a research note on Tuesday, March 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $96.95.

The firm’s 50 day moving average price is $96.36 and its 200 day moving average price is $84.61. The company has a market cap of $9.78 billion and a PE ratio of 31.19.

Several institutional investors recently modified their holdings of the company. Northern Cross LLC raised its position in shares of Wynn Resorts by 51.1% in the fourth quarter. Northern Cross LLC now owns 13,989,382 shares of the casino operator’s stock valued at $967,925,000 after buying an additional 4,732,996 shares in the last quarter. Gabelli Funds LLC raised its stake in Wynn Resorts by 9.9% in the fourth quarter. Gabelli Funds LLC now owns 89,000 shares of the casino operator’s stock worth $6,158,000 after buying an additional 8,000 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Wynn Resorts by 14.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,178 shares of the casino operator’s stock worth $1,189,000 after buying an additional 2,200 shares during the period. Quantitative Investment Management LLC raised its stake in Wynn Resorts by 7.4% in the fourth quarter. Quantitative Investment Management LLC now owns 68,000 shares of the casino operator’s stock worth $4,704,000 after buying an additional 4,700 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in Wynn Resorts by 0.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 427,148 shares of the casino operator’s stock worth $29,319,000 after buying an additional 2,609 shares during the period.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (Macau).

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