Shares of Wynn Resorts Ltd. (NASDAQ:WYNN) gapped up before the market opened on Tuesday . The stock had previously closed at $96.51, but opened at $97.41. Wynn Resorts shares last traded at $102.36, with a volume of 2,518,439 shares changing hands.

Several analysts recently issued reports on WYNN shares. Vetr upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $101.35 target price for the company in a research report on Monday, April 4th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Wynn Resorts in a research report on Thursday, March 31st. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $103.00 price target (up from $78.00) on shares of Wynn Resorts in a research report on Friday, April 1st. Deutsche Bank AG reiterated a “buy” rating on shares of Wynn Resorts in a research report on Monday, March 28th. Finally, Wells Fargo & Co. reiterated a “market perform” rating on shares of Wynn Resorts in a research report on Tuesday, April 12th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $96.57.

The stock has a market cap of $10.49 billion and a price-to-earnings ratio of 33.44. The firm’s 50 day moving average is $96.05 and its 200 day moving average is $86.59.

Several institutional investors recently bought and sold shares of WYNN. Andra AP fonden boosted its position in Wynn Resorts by 137.7% in the fourth quarter. Andra AP fonden now owns 16,400 shares of the casino operator’s stock worth $1,135,000 after buying an additional 9,500 shares during the period. Aberdeen Asset Management PLC UK boosted its position in Wynn Resorts by 12.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 21,054 shares of the casino operator’s stock worth $1,330,000 after buying an additional 2,290 shares during the period. Nationwide Fund Advisors boosted its position in Wynn Resorts by 1.5% in the fourth quarter. Nationwide Fund Advisors now owns 24,257 shares of the casino operator’s stock worth $1,678,000 after buying an additional 354 shares during the period. Stephens Inc. AR boosted its position in Wynn Resorts by 183.0% in the fourth quarter. Stephens Inc. AR now owns 27,928 shares of the casino operator’s stock worth $1,932,000 after buying an additional 18,058 shares during the period. Finally, Bank of Montreal Can boosted its position in Wynn Resorts by 5.2% in the fourth quarter. Bank of Montreal Can now owns 31,178 shares of the casino operator’s stock worth $2,158,000 after buying an additional 1,536 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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