8,010 Shares in Wynn Resorts, Limited $WYNN Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,010 shares of the casino operator’s stock, valued at approximately $964,000.

Other institutional investors also recently bought and sold shares of the company. Palidye Holdings Caymans Ltd acquired a new position in shares of Wynn Resorts during the 2nd quarter valued at about $104,629,000. Norges Bank acquired a new stake in Wynn Resorts in the 4th quarter worth approximately $122,696,000. Zurich Insurance Group Ltd FI acquired a new stake in Wynn Resorts in the 3rd quarter worth approximately $110,213,000. Westfield Capital Management Co. LP bought a new stake in Wynn Resorts during the third quarter worth approximately $73,588,000. Finally, Barclays PLC boosted its position in Wynn Resorts by 121.3% during the third quarter. Barclays PLC now owns 506,945 shares of the casino operator’s stock worth $65,026,000 after purchasing an additional 277,917 shares during the period. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Price Performance

NASDAQ:WYNN opened at $107.44 on Wednesday. Wynn Resorts, Limited has a one year low of $83.45 and a one year high of $134.72. The company has a fifty day moving average price of $102.75 and a 200 day moving average price of $110.76. The stock has a market cap of $11.15 billion, a P/E ratio of 32.07, a PEG ratio of 0.98 and a beta of 0.98.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business posted $1.07 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts anticipate that Wynn Resorts, Limited will post 4.61 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, May 18th. Wynn Resorts’s payout ratio is currently 29.85%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a report on Monday, February 23rd. Barclays decreased their price target on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Jefferies Financial Group lowered their price target on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Susquehanna cut their price objective on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, April 16th. Finally, Bank of America decreased their target price on Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.