Wynn Resorts, Limited (NASDAQ:WYNN) President Matt Maddox sold 42,900 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the transaction, the president now owns 350,586 shares in the company, valued at $50,288,055.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 145.40 on Friday. The company has a 50-day moving average of $136.42 and a 200-day moving average of $126.96. The company has a market cap of $14.82 billion, a P/E ratio of 54.42 and a beta of 1.69. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $147.50.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 6.98% and a return on equity of 121.81%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company earned $1.07 EPS. Wynn Resorts, Limited’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, equities research analysts expect that Wynn Resorts, Limited will post $4.90 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in WYNN. FNY Partners Fund LP raised its holdings in Wynn Resorts, Limited by 5,400.0% during the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after buying an additional 1,080 shares during the last quarter. Reilly Financial Advisors LLC raised its holdings in Wynn Resorts, Limited by 1,000.0% during the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after buying an additional 1,000 shares during the last quarter. Financial Architects Inc raised its holdings in Wynn Resorts, Limited by 4.2% during the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares during the last quarter. IFP Advisors Inc raised its holdings in Wynn Resorts, Limited by 40.8% during the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in Wynn Resorts, Limited by 808.1% during the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after buying an additional 1,301 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Telsey Advisory Group lowered shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price objective on the stock. in a report on Wednesday, July 26th. Stifel Nicolaus restated a “hold” rating and issued a $134.00 price objective (up from $128.00) on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. Vetr upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $135.52 price objective on the stock in a report on Monday, June 12th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $138.00 price objective on shares of Wynn Resorts, Limited in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $130.24.

Wynn Resorts, Limited Company Profile

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.

Insider Buying and Selling by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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