Nebula Research & Development LLC Raises Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Nebula Research & Development LLC boosted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 130.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,785 shares of the casino operator's stock after buying an additional 16,289 shares during the quarter. Nebula Research & Development LLC's holdings in Wynn Resorts were worth $2,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Wynn Resorts during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Wynn Resorts in the third quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new position in shares of Wynn Resorts in the fourth quarter valued at about $36,000. Spire Wealth Management boosted its holdings in shares of Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock worth $37,000 after buying an additional 234 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Wynn Resorts in the 4th quarter valued at about $45,000. Institutional investors own 88.64% of the company's stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN traded up $0.53 during trading hours on Friday, hitting $82.11. 1,466,758 shares of the stock were exchanged, compared to its average volume of 2,489,179. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81. The company has a market cap of $8.72 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The company's fifty day simple moving average is $82.06 and its two-hundred day simple moving average is $86.88.

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

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

WYNN has been the subject of several research reports. Macquarie restated an "outperform" rating and set a $115.00 price objective on shares of Wynn Resorts in a research report on Friday, February 14th. Mizuho lifted their price target on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Barclays decreased their price objective on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. StockNews.com downgraded Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Argus downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wynn Resorts presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.17.

Insider Activity at Wynn Resorts

In other news, Director Philip G. Satre bought 22,200 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $3,152,095.10. This represents a 185.08 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Tilman J. Fertitta bought 100,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of $67.62 per share, for a total transaction of $6,762,000.00. Following the completion of the acquisition, the insider now owns 13,000,000 shares in the company, valued at $879,060,000. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 438,700 shares of company stock worth $31,300,943 over the last ninety days. Insiders own 0.52% of the company's stock.

Wynn Resorts Company Profile

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.