Investors sold shares of Wynn Resorts, Limited (NASDAQ:WYNN) on strength during trading on Tuesday following insider selling activity. $68.60 million flowed into the stock on the tick-up and $94.90 million flowed out of the stock on the tick-down, for a money net flow of $26.30 million out of the stock. Of all equities tracked, Wynn Resorts, Limited had the 32nd highest net out-flow for the day. Wynn Resorts, Limited traded up $3.17 for the day and closed at $147.01Specifically, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the completion of the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at $994,719. The disclosure for this sale can be found here. 13.20% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $134.00 price target (up from $128.00) on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. Instinet reaffirmed a “neutral” rating and issued a $137.00 price target (up from $130.00) on shares of Wynn Resorts, Limited in a report on Monday, June 19th. BidaskClub lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $140.00 price target (up from $135.00) on shares of Wynn Resorts, Limited in a report on Friday, July 21st. Finally, UBS AG lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $128.28.

The company has a market cap of $14.99 billion, a PE ratio of 55.02 and a beta of 1.69. The stock’s 50-day moving average price is $135.91 and its 200 day moving average price is $126.63.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The business’s revenue was up 44.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. Equities analysts anticipate that Wynn Resorts, Limited will post $4.90 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Tuesday, August 8th. Wynn Resorts, Limited’s dividend payout ratio is 74.91%.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Wynn Resorts, Limited by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock worth $1,108,476,000 after purchasing an additional 246,476 shares during the period. BlackRock Inc. raised its position in Wynn Resorts, Limited by 5,076.4% in the 1st quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after purchasing an additional 4,850,373 shares during the period. State Street Corp raised its position in Wynn Resorts, Limited by 0.8% in the 1st quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock worth $379,153,000 after purchasing an additional 26,867 shares during the period. OZ Management LP raised its position in Wynn Resorts, Limited by 24.8% in the 1st quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after purchasing an additional 423,658 shares during the period. Finally, Platinum Investment Management Ltd. raised its position in Wynn Resorts, Limited by 0.7% in the 1st quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock worth $197,625,000 after purchasing an additional 11,600 shares during the period. 70.81% of the stock is currently owned by institutional investors.

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About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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