Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 282,200 shares of the casino operator's stock after selling 15,900 shares during the quarter. Swiss National Bank owned about 0.26% of Wynn Resorts worth $24,314,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in Wynn Resorts by 70.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock worth $380,821,000 after purchasing an additional 1,644,965 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Wynn Resorts during the 4th quarter worth approximately $75,872,000. Holocene Advisors LP boosted its holdings in Wynn Resorts by 27,868.5% during the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator's stock valued at $72,672,000 after acquiring an additional 755,236 shares during the period. Eagle Asset Management Inc. bought a new position in Wynn Resorts in the 3rd quarter valued at $58,486,000. Finally, Weiss Asset Management LP purchased a new stake in Wynn Resorts in the third quarter worth $19,753,000. Institutional investors own 88.64% of the company's stock.

Insiders Place Their Bets

In other news, Director Philip G. Satre purchased 22,200 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the purchase, the director now owns 34,195 shares in the company, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

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Wynn Resorts Price Performance

Shares of WYNN stock traded down $0.44 during mid-day trading on Friday, hitting $82.63. 4,315,023 shares of the stock traded hands, compared to its average volume of 2,279,702. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The stock has a market cap of $8.79 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.35 and a beta of 1.76. The stock's fifty day moving average is $85.68 and its two-hundred day moving average is $88.79.

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

Wynn Resorts Dividend Announcement

The business also recently announced 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 yield of 1.21%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Mizuho boosted their price objective on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Macquarie reaffirmed an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a research report on Friday, February 14th. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Morgan Stanley dropped their price objective on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.58.

Wynn Resorts 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.