Philip G. Satre Purchases 22,200 Shares of Wynn Resorts, Limited (NASDAQ:WYNN) Stock

Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) Director Philip G. Satre acquired 22,200 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the transaction, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Wynn Resorts Stock Performance

Shares of WYNN stock traded down $2.71 during trading hours on Friday, hitting $90.76. The company had a trading volume of 2,961,032 shares, compared to its average volume of 2,922,238. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.32 and a beta of 1.76. The firm's fifty day moving average is $85.31 and its 200 day moving average is $87.26.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, sell-side analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, February 24th. Wynn Resorts's payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays boosted their price objective on Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. StockNews.com raised Wynn Resorts from a "hold" rating to a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price target on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company lowered their price target on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $120.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WYNN. Vontobel Holding Ltd. boosted its holdings in shares of Wynn Resorts by 40.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 8,718 shares of the casino operator's stock worth $836,000 after acquiring an additional 2,505 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Wynn Resorts by 3.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,622 shares of the casino operator's stock worth $923,000 after acquiring an additional 302 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Wynn Resorts by 10.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,610 shares of the casino operator's stock worth $250,000 after acquiring an additional 242 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Wynn Resorts by 556.0% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator's stock worth $49,000 after acquiring an additional 467 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Wynn Resorts by 16.2% in the 3rd quarter. Raymond James & Associates now owns 123,006 shares of the casino operator's stock worth $11,794,000 after acquiring an additional 17,161 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

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.