Wynn Resorts, Limited (NASDAQ:WYNN) President Matt Maddox sold 59,260 shares of Wynn Resorts, Limited stock in a transaction on Monday, November 13th. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Matt Maddox also recently made the following trade(s):

  • On Friday, September 15th, Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) traded up $1.58 during trading hours on Friday, hitting $153.20. The stock had a trading volume of 1,269,800 shares, compared to its average volume of 2,086,242. Wynn Resorts, Limited has a 1 year low of $85.57 and a 1 year high of $156.40. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. The company has a market capitalization of $15,650.00, a P/E ratio of 34.15 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a return on equity of 132.96% and a net margin of 6.24%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue was up 45.3% on a year-over-year basis. analysts expect that Wynn Resorts, Limited will post 5.34 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Wynn Resorts, Limited’s payout ratio is presently 55.40%.

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Several large investors have recently modified their holdings of the company. Moors & Cabot Inc. bought a new position in shares of Wynn Resorts, Limited during the third quarter valued at $222,000. IFM Investors Pty Ltd bought a new position in shares of Wynn Resorts, Limited during the third quarter valued at $323,000. Neuberger Berman Group LLC bought a new position in shares of Wynn Resorts, Limited during the third quarter valued at $234,000. Alkeon Capital Management LLC bought a new position in shares of Wynn Resorts, Limited during the third quarter valued at $4,468,000. Finally, California Public Employees Retirement System increased its holdings in shares of Wynn Resorts, Limited by 1.9% during the third quarter. California Public Employees Retirement System now owns 192,140 shares of the casino operator’s stock valued at $28,613,000 after acquiring an additional 3,640 shares in the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.

WYNN has been the topic of a number of research analyst reports. UBS AG reissued a “buy” rating and issued a $174.00 price target (up from $149.00) on shares of Wynn Resorts, Limited in a report on Friday, September 29th. Zacks Investment Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research note on Tuesday, September 26th. Deutsche Bank AG raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and increased their price objective for the company from $138.00 to $150.00 in a research note on Tuesday, August 15th. Citigroup Inc. increased their price objective on Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Roth Capital started coverage on Wynn Resorts, Limited in a research note on Thursday, October 26th. They set a “buy” rating and a $163.00 price objective for the company. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $148.11.

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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