Wynn Resorts, Limited $WYNN Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Wynn Resorts by 116.0% in the first quarter, owning 14,564 shares valued at approximately $1.2 million.
• Wynn Resorts reported $1.09 EPS for the latest quarter, missing the consensus estimate of $1.20, with a revenue of $1.74 billion, marking a 0.6% year-over-year increase.
• The company has 12 investment analysts rating the stock as a Buy and has an average target price of $118.64, reflecting a generally positive outlook from market analysts.

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 116.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,564 shares of the casino operator's stock after acquiring an additional 7,820 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Wynn Resorts were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Dagco Inc. purchased a new stake in shares of Wynn Resorts in the first quarter valued at about $25,000. Global X Japan Co. Ltd. grew its position in Wynn Resorts by 120.7% during the first quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock worth $27,000 after buying an additional 175 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Wynn Resorts by 3,408.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator's stock worth $35,000 after buying an additional 409 shares during the period. Garde Capital Inc. acquired a new position in Wynn Resorts during the first quarter worth about $73,000. Finally, Mather Group LLC. grew its position in Wynn Resorts by 32.7% during the first quarter. Mather Group LLC. now owns 896 shares of the casino operator's stock worth $75,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Transactions at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,262 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $92.12, for a total transaction of $208,375.44. Following the sale, the director owned 3,066 shares in the company, valued at approximately $282,439.92. This trade represents a 42.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WYNN shares. JPMorgan Chase & Co. started coverage on shares of Wynn Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $109.00 target price on the stock. Citigroup restated a "neutral" rating and set a $114.00 target price (up from $108.00) on shares of Wynn Resorts in a research report on Wednesday, July 9th. Stifel Nicolaus upped their target price on shares of Wynn Resorts from $113.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Jefferies Financial Group upped their target price on shares of Wynn Resorts from $130.00 to $133.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, UBS Group restated a "neutral" rating and set a $101.00 target price (up from $83.00) on shares of Wynn Resorts in a research report on Tuesday, July 8th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.64.

Wynn Resorts Price Performance

WYNN stock opened at $114.31 on Friday. The company's 50 day simple moving average is $104.87 and its 200-day simple moving average is $91.48. The firm has a market capitalization of $11.89 billion, a PE ratio of 34.33, a P/E/G ratio of 5.90 and a beta of 1.41. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $114.62.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The casino operator reported $1.09 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.11). Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. The firm's revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Wynn Resorts's dividend payout ratio (DPR) is 30.03%.

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.

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