Rep. Gilbert Ray Cisneros, Jr. Sells Wynn Resorts, Limited (NASDAQ:WYNN) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Wynn Resorts, Limited (NASDAQ:WYNN). In a filing disclosed on April 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Wynn Resorts stock on March 31st. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of PTC NASDAQ: PTC on 4/1/2025.
• Sold $1,001 - $15,000 in shares of W. R. Berkley NYSE: WRB on 4/1/2025.
• Sold $15,001 - $50,000 in shares of GoDaddy NYSE: GDDY on 4/1/2025.
• Purchased $1,001 - $15,000 in shares of Ford Motor NYSE: F on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 3/31/2025.
• Purchased $1,001 - $15,000 in shares of Boeing NYSE: BA on 3/31/2025.
• Sold $1,001 - $15,000 in shares of Hologic NASDAQ: HOLX on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Merck & Co., Inc. NYSE: MRK on 3/31/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/31/2025.

Wynn Resorts Price Performance

WYNN traded up $0.89 during trading hours on Friday, reaching $73.19. The company's stock had a trading volume of 2,710,084 shares, compared to its average volume of 2,459,996. The business's 50-day moving average is $83.27 and its 200-day moving average is $88.66. The stock has a market cap of $7.77 billion, a PE ratio of 17.38, a P/E/G ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $107.81.

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Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. Analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Monday, February 24th. Wynn Resorts's payout ratio is presently 23.75%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WYNN. Jefferies Financial Group raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and boosted their price target for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Morgan Stanley cut their target price on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Barclays raised their price target on Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Mizuho boosted their price objective on Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Finally, Macquarie restated an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $119.58.

Institutional Investors Weigh In On Wynn Resorts

Large investors have recently modified their holdings of the company. Norges Bank purchased a new position in Wynn Resorts in the fourth quarter valued at $117,352,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Wynn Resorts during the 4th quarter worth about $101,375,000. Raymond James Financial Inc. purchased a new position in shares of Wynn Resorts in the 4th quarter valued at about $75,872,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Wynn Resorts by 18.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock worth $269,308,000 after acquiring an additional 485,204 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Wynn Resorts by 108.5% during the fourth quarter. Deutsche Bank AG now owns 848,636 shares of the casino operator's stock worth $73,118,000 after purchasing an additional 441,558 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Wynn Resorts

In other news, major shareholder Tilman J. Fertitta bought 100,000 shares of Wynn Resorts stock in a transaction dated Monday, April 7th. The stock was acquired at an average cost of $67.62 per share, with a total value of $6,762,000.00. Following the acquisition, the insider now owns 13,000,000 shares of the company's stock, valued at approximately $879,060,000. This trade represents a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Philip G. Satre purchased 22,200 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the purchase, the director now directly owns 34,195 shares in the company, valued at $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 438,700 shares of company stock valued at $31,300,943 over the last three months. 0.52% of the stock is owned by corporate insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.