Wynn Resorts Ltd. (NASDAQ:WYNN) shares dropped 1.2% during mid-day trading on Wednesday . The company traded as low as $93.19 and last traded at $94.00, with a volume of 1,451,451 shares changing hands. The stock had previously closed at $95.17.

WYNN has been the topic of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Monday, March 28th. Vetr raised shares of Wynn Resorts from a “sell” rating to a “hold” rating and set a $93.62 price target on the stock in a research note on Monday, March 28th. JPMorgan Chase & Co. lifted their price target on shares of Wynn Resorts from $71.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, March 30th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $103.00 price target (up previously from $78.00) on shares of Wynn Resorts in a research note on Friday, April 1st. Finally, Telsey Advisory Group raised shares of Wynn Resorts from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $67.00 to $112.00 in a research note on Thursday, April 7th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Wynn Resorts currently has an average rating of “Hold” and a consensus target price of $96.57.

The company’s 50-day moving average is $96.13 and its 200-day moving average is $85.48. The company has a market cap of $9.55 billion and a PE ratio of 30.44.

Several hedge funds and institutional investors have 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 during the last quarter. Vanguard Group Inc. raised its position in shares of Wynn Resorts by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 6,922,233 shares of the casino operator’s stock valued at $478,949,000 after buying an additional 163,510 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in shares of 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 valued at $29,319,000 after buying an additional 2,609 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Wynn Resorts by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 126,494 shares of the casino operator’s stock valued at $8,751,000 after buying an additional 3,622 shares during the last quarter. Finally, Schaller Investment Group Inc. acquired a new position in shares of Wynn Resorts during the fourth quarter valued at approximately $8,146,000.

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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