Rep. Susie Lee Sells Wynn Resorts, Limited (NASDAQ:WYNN) Stock

Representative Susie Lee (D-Nevada) recently sold shares of Wynn Resorts, Limited (NASDAQ:WYNN). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Wynn Resorts stock on March 14th. The trade occurred in the Representative's "SUZANNE K LEE TRUST > FIDELITY BROKERAGE 402" account.

Representative Susie Lee also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Full House Resorts NASDAQ: FLL on 3/28/2025.
• Sold $15,001 - $50,000 in shares of Full House Resorts NASDAQ: FLL on 3/20/2025.
• Sold $1,001 - $15,000 in shares of MGM Resorts International NYSE: MGM on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Tennant NYSE: TNC on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Century Casinos NASDAQ: CNTY on 3/14/2025.
• Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Golden Entertainment NASDAQ: GDEN on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Carnival Co. & NYSE: CCL on 3/14/2025.

Wynn Resorts Trading Up 1.4 %

NASDAQ WYNN traded up $1.04 on Friday, hitting $74.77. 1,559,528 shares of the company were exchanged, compared to its average volume of 2,464,838. Wynn Resorts, Limited has a 1-year low of $65.25 and a 1-year high of $107.81. The firm has a 50 day moving average of $82.72 and a two-hundred day moving average of $87.98. The company has a market cap of $7.94 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.35 and a beta of 1.53.

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

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Institutional Trading of Wynn Resorts

Several hedge funds and other institutional investors have recently modified their holdings of WYNN. Captrust Financial Advisors boosted its position in Wynn Resorts by 41.2% during the 3rd quarter. Captrust Financial Advisors now owns 4,165 shares of the casino operator's stock worth $399,000 after acquiring an additional 1,215 shares during the last quarter. Wellington Management Group LLP grew its position in Wynn Resorts by 90.6% in the third quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator's stock valued at $11,094,000 after purchasing an additional 54,995 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Wynn Resorts during the 3rd quarter worth about $290,000. MML Investors Services LLC grew its holdings in shares of Wynn Resorts by 135.7% in the 3rd quarter. MML Investors Services LLC now owns 17,000 shares of the casino operator's stock valued at $1,630,000 after acquiring an additional 9,788 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Wynn Resorts by 15.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 30,977 shares of the casino operator's stock worth $2,970,000 after acquiring an additional 4,212 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Buying and Selling at Wynn Resorts

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on WYNN shares. Morgan Stanley decreased their price target on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Jefferies Financial Group raised shares of Wynn Resorts from a "hold" rating to a "buy" rating and raised their target price for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Barclays increased their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. StockNews.com cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Mizuho raised their price target on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $119.58.

About Representative Lee

Susie Lee (Democratic Party) is a member of the U.S. House, representing Nevada's 3rd Congressional District. She assumed office on January 3, 2019. Her current term ends on January 3, 2027. Lee (Democratic Party) is running for re-election to the U.S. House to represent Nevada's 3rd Congressional District. She declared candidacy for the 2026 election. Susie Lee attended Carnegie Mellon University in Pittsburgh and graduated with honors, earning a master’s degree in public management. After college, she worked in Massachusetts at an environmental and economic consulting firm that specialized in water resource issues. She moved to Las Vegas, Nevada, in 1993, where she then worked as a campaign policy advisor to Las Vegas Mayor Jan Laverty Jones and founded a homeless shelter for parents and children in need. In 2010, she became the president of the board of Communities In Schools of Nevada (CIS), a program that seeks to lower high school dropout rates. Lee has served on several other boards and committees in the Las Vegas area.

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.