Wynn Resorts, Limited (NASDAQ:WYNN) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,798 shares of the casino operator’s stock after buying an additional 176 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Wynn Resorts were worth $844,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new position in shares of Wynn Resorts in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Wynn Resorts in the third quarter valued at approximately $31,000. Spire Wealth Management lifted its stake in Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after purchasing an additional 234 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after buying an additional 467 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $77.00 on Wednesday. The stock’s 50-day simple moving average is $86.38 and its 200-day simple moving average is $86.89. The firm has a market capitalization of $8.46 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 2.32 and a beta of 1.76. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Morgan Stanley upped their target price on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group decreased their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, January 3rd. Finally, Barclays cut their price objective on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

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.