Rep. Gilbert Ray Cisneros, Jr. Buys Wynn Resorts, Limited (NASDAQ:WYNN) Stock

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Wynn Resorts, Limited (NASDAQ:WYNN). In a filing disclosed on March 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Wynn Resorts stock on February 26th. 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 $1,001 - $15,000 in shares of Sterling Infrastructure NASDAQ: STRL on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 3/3/2025.
• Sold $1,001 - $15,000 in shares of Ford Motor NYSE: F on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 2/26/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 2/26/2025.
• Purchased $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 2/26/2025.
• Sold $1,001 - $15,000 in shares of General Motors NYSE: GM on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Akamai Technologies NASDAQ: AKAM on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 2/26/2025.

Wynn Resorts Stock Down 0.7 %

Shares of NASDAQ WYNN traded down $0.65 during trading on Monday, reaching $88.07. The company had a trading volume of 63,880 shares, compared to its average volume of 2,668,708. The business's 50-day moving average is $85.35 and its 200 day moving average is $88.39. The stock has a market cap of $9.37 billion, a PE ratio of 20.90, a P/E/G ratio of 2.35 and a beta of 1.77. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38.

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

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's payout ratio is 23.75%.

Institutional Trading of Wynn Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH purchased a new stake in Wynn Resorts during the 4th quarter valued at approximately $115,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Wynn Resorts during the fourth quarter valued at $1,361,000. Heck Capital Advisors LLC purchased a new stake in Wynn Resorts in the 4th quarter worth $386,000. Mackenzie Financial Corp bought a new position in shares of Wynn Resorts during the 4th quarter valued at about $282,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Wynn Resorts by 18.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock worth $269,308,000 after purchasing an additional 485,204 shares during the last quarter. Institutional investors own 88.64% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on WYNN. Mizuho increased their target price on Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Barclays increased their price objective on Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Jefferies Financial Group raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and raised their price target for the company from $105.00 to $118.00 in a report on Tuesday, February 18th. StockNews.com downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus upped their price objective on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $119.58.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre bought 22,200 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the transaction, the director now owns 34,195 shares of the company's stock, valued at $3,152,095.10. This represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.