Morgan Stanley reaffirmed their hold rating on shares of Wynn Resorts, Limited (NASDAQ:WYNN) in a report published on Thursday morning. Morgan Stanley currently has a $151.00 price objective on the casino operator’s stock, down from their previous price objective of $158.00.

Other analysts have also issued reports about the stock. UBS AG reiterated a buy rating on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Vetr upgraded shares of Wynn Resorts, Limited from a hold rating to a buy rating and set a $140.28 target price on the stock in a research report on Thursday, June 29th. BidaskClub upgraded shares of Wynn Resorts, Limited from a hold rating to a buy rating in a research report on Friday, June 16th. Deutsche Bank AG upgraded shares of Wynn Resorts, Limited from a hold rating to a buy rating and lifted their target price for the company from $138.00 to $150.00 in a research report on Tuesday, August 15th. Finally, Zacks Investment Research upgraded shares of Wynn Resorts, Limited from a hold rating to a buy rating and set a $162.00 target price on the stock in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Wynn Resorts, Limited presently has a consensus rating of Hold and a consensus target price of $134.69.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) traded up 1.12% during trading on Thursday, hitting $142.33. 1,450,292 shares of the stock traded hands. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $150.40. The firm has a 50 day moving average price of $143.15 and a 200-day moving average price of $131.39. The company has a market cap of $14.51 billion, a PE ratio of 53.27 and a beta of 1.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue was up 44.5% on a year-over-year basis. Analysts anticipate that Wynn Resorts, Limited will post $5.08 earnings per share for the current fiscal year.

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In related news, President Matt Maddox sold 42,900 shares of the business’s 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 sale, the president now directly owns 350,586 shares of the company’s stock, valued at $50,288,055.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the sale, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,351 shares of company stock valued at $9,621,369. 13.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WYNN. FNY Partners Fund LP raised its stake in shares of 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 stake in shares of 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 stake in shares of 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 stake in shares of 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 stake in shares of 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. 70.81% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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