Xponance Inc. Sells 7,416 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Xponance Inc. lowered its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,786 shares of the casino operator’s stock after selling 7,416 shares during the quarter. Xponance Inc.’s holdings in Wynn Resorts were worth $1,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. boosted 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 worth $40,000 after purchasing an additional 140 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Wynn Resorts by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,918 shares of the casino operator’s stock valued at $813,000 after acquiring an additional 484 shares during the last quarter. TORQ CAPITAL MANAGEMENT HK Ltd boosted its position in shares of Wynn Resorts by 108.1% during the 4th quarter. TORQ CAPITAL MANAGEMENT HK Ltd now owns 220,600 shares of the casino operator’s stock valued at $20,099,000 after acquiring an additional 114,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Wynn Resorts by 23.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,688 shares of the casino operator’s stock valued at $5,165,000 after acquiring an additional 10,617 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its position in shares of Wynn Resorts by 3.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 12,311 shares of the casino operator’s stock valued at $1,122,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 68.87% of the company’s stock.

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $97.06 on Thursday. The firm has a market cap of $10.88 billion, a P/E ratio of 16.23 and a beta of 1.93. Wynn Resorts, Limited has a fifty-two week low of $81.65 and a fifty-two week high of $117.86. The business’s 50 day moving average price is $101.85 and its 200-day moving average price is $95.05.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Wednesday, February 7th. The casino operator reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.76. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The business’s quarterly revenue was up 83.1% compared to the same quarter last year. During the same period last year, the company earned ($1.23) EPS. As a group, equities analysts predict that Wynn Resorts, Limited will post 5.37 EPS for the current year.

Wynn Resorts Dividend Announcement

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

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 960 shares of Wynn Resorts stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the sale, the director now directly owns 522 shares in the company, valued at approximately $54,898.74. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Craig Scott Billings sold 19,235 shares of Wynn Resorts stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the sale, the chief executive officer now directly owns 307,904 shares in the company, valued at $33,253,632. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Mulroy sold 960 shares of Wynn Resorts stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $105.17, for a total value of $100,963.20. Following the sale, the director now owns 522 shares in the company, valued at $54,898.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,578 shares of company stock worth $2,850,282. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Mizuho assumed coverage on Wynn Resorts in a report on Thursday, April 4th. They set a “buy” rating and a $131.00 price objective on the stock. Susquehanna raised their price objective on Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Morgan Stanley raised their price objective on Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. UBS Group decreased their price objective on Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.43.

About Wynn Resorts

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.