Vontobel Holding Ltd. Sells 4,044 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Vontobel Holding Ltd. cut its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 41.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,700 shares of the casino operator's stock after selling 4,044 shares during the quarter. Vontobel Holding Ltd.'s holdings in Wynn Resorts were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global X Japan Co. Ltd. raised its holdings in shares of Wynn Resorts by 120.7% in the 1st quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock valued at $27,000 after purchasing an additional 175 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Wynn Resorts by 3,408.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator's stock valued at $35,000 after purchasing an additional 409 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Wynn Resorts in the 4th quarter valued at about $36,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Wynn Resorts in the 4th quarter valued at about $45,000. Finally, Garde Capital Inc. acquired a new position in Wynn Resorts in the 1st quarter valued at about $73,000. 88.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on WYNN shares. Barclays decreased their price target on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Argus lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Bank of America upgraded shares of Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus set a $113.00 target price on shares of Wynn Resorts in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $112.71.

Insider Buying and Selling

In related news, Director Patricia Mulroy sold 2,262 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $92.12, for a total value of $208,375.44. Following the completion of the transaction, the director owned 3,066 shares of the company's stock, valued at $282,439.92. This represents a 42.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by insiders.

Wynn Resorts Trading Up 1.5%

NASDAQ:WYNN traded up $1.66 on Thursday, hitting $111.74. The company had a trading volume of 1,009,896 shares, compared to its average volume of 2,595,693. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 3.19 and a beta of 1.37. The firm has a 50 day moving average of $91.73 and a two-hundred day moving average of $86.04. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $111.87.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The casino operator reported $1.07 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.17). The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a net margin of 6.17% and a negative return on equity of 62.13%. Wynn Resorts's revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. As a group, equities analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, May 16th. Wynn Resorts's payout ratio is 27.78%.

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.