Wynn Resorts, Limited (NASDAQ:WYNN) Stock Holdings Lifted by abrdn plc

abrdn plc increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,621 shares of the casino operator's stock after purchasing an additional 17,875 shares during the period. abrdn plc's holdings in Wynn Resorts were worth $4,065,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC lifted its holdings in shares of Wynn Resorts by 17.7% during the third quarter. AE Wealth Management LLC now owns 4,025 shares of the casino operator's stock worth $372,000 after purchasing an additional 606 shares during the period. Czech National Bank raised its holdings in Wynn Resorts by 38.1% during the third quarter. Czech National Bank now owns 16,927 shares of the casino operator's stock worth $1,564,000 after purchasing an additional 4,669 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Wynn Resorts by 25.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,229 shares of the casino operator's stock valued at $3,440,000 after purchasing an additional 7,500 shares during the period. Xponance Inc. boosted its holdings in Wynn Resorts by 37.2% in the 3rd quarter. Xponance Inc. now owns 20,202 shares of the casino operator's stock valued at $1,867,000 after purchasing an additional 5,476 shares in the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new position in Wynn Resorts during the 3rd quarter worth approximately $510,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WYNN shares. Macquarie lifted their price target on Wynn Resorts from $122.00 to $128.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. UBS Group cut their price target on shares of Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating for the company in a report on Tuesday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Wynn Resorts from $118.00 to $123.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Susquehanna increased their target price on shares of Wynn Resorts from $105.00 to $115.00 and gave the company a "positive" rating in a report on Thursday, February 8th. Finally, Mizuho initiated coverage on shares of Wynn Resorts in a research report on Thursday, April 4th. They set a "buy" rating and a $131.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.43.

Insider Transactions at Wynn Resorts

In related news, CEO Craig Scott Billings sold 19,235 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the transaction, the chief executive officer now directly owns 307,904 shares in the company, valued at $33,253,632. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Julie Cameron-Doe sold 6,383 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.27, for a total value of $671,938.41. Following the transaction, the chief financial officer now directly owns 78,150 shares of the company's stock, valued at approximately $8,226,850.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig Scott Billings sold 19,235 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the sale, the chief executive officer now owns 307,904 shares of the company's stock, valued at $33,253,632. The disclosure for this sale can be found here. Insiders have sold 26,578 shares of company stock worth $2,850,282 over the last quarter. 0.52% of the stock is currently owned by insiders.

Wynn Resorts Trading Up 1.1 %

Shares of NASDAQ WYNN traded up $1.10 during trading on Monday, reaching $96.98. The company had a trading volume of 1,569,237 shares, compared to its average volume of 1,771,415. The stock has a market capitalization of $10.87 billion, a PE ratio of 16.22 and a beta of 1.93. Wynn Resorts, Limited has a twelve month low of $81.65 and a twelve month high of $117.86. The stock has a 50-day moving average price of $101.32 and a two-hundred day moving average price of $95.12.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.76. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The firm's quarterly revenue was up 83.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.23) EPS. On average, sell-side analysts predict that Wynn Resorts, Limited will post 5.37 EPS for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, February 16th. Wynn Resorts's dividend payout ratio is presently 16.72%.

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.