The price of Wynn Resorts Limited (NASDAQ:WYNN) shares last traded on Wall Street rose 0.77% to $108.98.
WYNN stock price is now 3.94% away from the 50-day moving average and 12.90% away from the 200-day moving average. The market capitalization of the company currently stands at $12.31B.
With the price target enhanced from $134 to $138, Wells Fargo maintained Overweight rating for Wynn Resorts Limited (NASDAQ: WYNN).
In other news, Mulroy Patricia, Director sold 1,000 shares of the company’s stock on Jun 20. The stock was sold for $104,960 at an average price of $104.96. Upon completion of the transaction, the Director now directly owns 8,067 shares in the company, valued at $0.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Director Mulroy Patricia sold 1,100 shares of the business’s stock. A total of $111,815 was realized by selling the stock at an average price of $101.65. This leaves the insider owning 1,982 shares of the company worth $0.22 million. Insiders disposed of 104,474 shares of company stock worth roughly $11.39 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WYNN stock. A new stake in Wynn Resorts Limited shares was purchased by SCOPUS ASSET MANAGEMENT, L.P. during the first quarter worth $59,939,000. BAMCO INC /NY/ invested $45,708,000 in shares of WYNN during the first quarter. In the first quarter, SENATOR INVESTMENT GROUP LP acquired a new stake in Wynn Resorts Limited valued at approximately $36,508,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in WYNN for approximately $34,765,000. HOLOCENE ADVISORS, LP purchased a new stake in WYNN valued at around $22,347,000 in the second quarter.
A candlestick chart of Wynn Resorts Limited (NASDAQ: WYNN) showed a price of $109.34 on Friday morning. During the past 12 months, Wynn Resorts Limited has had a low of $53.81 and a high of $117.86. The fifty day moving average price for WYNN is $104.96 and a two-hundred day moving average price translates $96.76 for the stock.
The latest earnings results from Wynn Resorts Limited (NASDAQ: WYNN) was released for Mar, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.29, beating analysts’ expectations of -$0.01 by 0.3. This compares to -$2.21 EPS in the same period last year. The net profit margin was -5.40% and return on equity was 32.10% for WYNN. The company reported revenue of $1.42 billion for the quarter, compared to $953.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.34 percent. For the current quarter, analysts expect WYNN to generate $1.54B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2023. Investors who held shares on 05/23/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.92% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend.
Wynn Resorts Limited(WYNN) 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. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was founded in 2002 and is based in Las Vegas, Nevada.
