Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by ING Groep NV

ING Groep NV trimmed its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 94.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,143 shares of the casino operator's stock after selling 246,815 shares during the quarter. ING Groep NV's holdings in Wynn Resorts were worth $1,197,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Wynn Resorts by 3,000.0% during the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator's stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Wynn Resorts by 4,285.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator's stock valued at $28,000 after acquiring an additional 300 shares during the period. GAMMA Investing LLC acquired a new stake in Wynn Resorts in the 4th quarter valued at $38,000. Venturi Wealth Management LLC grew its stake in Wynn Resorts by 1,083.8% in the 4th quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator's stock valued at $40,000 after acquiring an additional 401 shares during the period. Finally, Federated Hermes Inc. grew its stake in Wynn Resorts by 47.5% in the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator's stock valued at $40,000 after acquiring an additional 140 shares during the period. 68.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WYNN has been the topic of a number of research analyst reports. Macquarie lifted their price target on shares of Wynn Resorts from $122.00 to $128.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Stifel Nicolaus lifted their price target on shares of Wynn Resorts from $135.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. StockNews.com raised shares of Wynn Resorts from a "hold" rating to a "buy" rating in a research note on Friday, May 17th. Barclays lifted their price target on shares of Wynn Resorts from $124.00 to $128.00 and gave the company an "overweight" rating in a research note on Thursday, May 9th. Finally, Mizuho assumed coverage on shares of Wynn Resorts in a research note on Thursday, April 4th. They set a "buy" rating and a $131.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $121.62.

Wynn Resorts Stock Performance

Shares of WYNN stock traded down $1.11 on Wednesday, hitting $95.48. 1,318,916 shares of the stock traded hands, compared to its average volume of 1,775,635. The firm's 50-day moving average price is $99.49 and its two-hundred day moving average price is $95.95. The stock has a market capitalization of $10.70 billion, a PE ratio of 13.23 and a beta of 1.91. Wynn Resorts, Limited has a twelve month low of $81.65 and a twelve month high of $112.25.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.16. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. Wynn Resorts's revenue was up 30.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. On average, equities research analysts anticipate that Wynn Resorts, Limited will post 5.58 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.05%. Wynn Resorts's dividend payout ratio (DPR) is currently 13.70%.

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.