Axa S.A. Buys 9,687 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Posted by Defense World Staff on Feb 28th, 2023

Axa S.A. raised its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) by 58.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,399 shares of the casino operator’s stock after acquiring an additional 9,687 shares during the period. Axa S.A.’s holdings in Wynn Resorts were worth $1,663,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Wynn Resorts by 12.0% during the 1st quarter. American Century Companies Inc. now owns 9,786 shares of the casino operator’s stock worth $780,000 after purchasing an additional 1,048 shares during the period. MetLife Investment Management LLC raised its stake in shares of Wynn Resorts by 43.5% during the 1st quarter. MetLife Investment Management LLC now owns 33,369 shares of the casino operator’s stock worth $2,661,000 after purchasing an additional 10,117 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Wynn Resorts by 147.2% during the 1st quarter. Panagora Asset Management Inc. now owns 12,728 shares of the casino operator’s stock worth $1,015,000 after purchasing an additional 7,580 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Wynn Resorts by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,083 shares of the casino operator’s stock worth $1,123,000 after purchasing an additional 872 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Wynn Resorts by 0.4% during the 1st quarter. BlackRock Inc. now owns 6,846,725 shares of the casino operator’s stock worth $545,957,000 after purchasing an additional 30,460 shares during the period. 70.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WYNN. Bank of America boosted their price objective on Wynn Resorts from $85.00 to $90.00 in a research note on Wednesday, January 4th. Barclays boosted their price objective on Wynn Resorts from $97.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, February 9th. JPMorgan Chase & Co. upgraded Wynn Resorts from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $71.00 to $91.00 in a research note on Monday, November 28th. Morgan Stanley boosted their price objective on Wynn Resorts from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 1st. Finally, StockNews.com upgraded Wynn Resorts from a “sell” rating to a “hold” rating in a research note on Friday, February 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Wynn Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $104.90.

Insider Transactions at Wynn Resorts

In other news, CEO Craig Scott Billings sold 10,310 shares of the business’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $102.35, for a total transaction of $1,055,228.50. Following the completion of the transaction, the chief executive officer now owns 266,206 shares of the company’s stock, valued at $27,246,184.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Betsy S. Atkins sold 5,707 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $83.65, for a total value of $477,390.55. Following the completion of the sale, the director now owns 6,690 shares in the company, valued at approximately $559,618.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig Scott Billings sold 10,310 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $102.35, for a total value of $1,055,228.50. Following the completion of the sale, the chief executive officer now owns 266,206 shares of the company’s stock, valued at approximately $27,246,184.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,400 shares of company stock valued at $3,101,670. 0.62% of the stock is owned by corporate insiders.

Wynn Resorts Stock Down 0.4 %

WYNN stock opened at $105.14 on Tuesday. The firm has a market capitalization of $11.91 billion, a PE ratio of -28.34 and a beta of 2.00. Wynn Resorts, Limited has a twelve month low of $50.20 and a twelve month high of $111.77. The stock has a 50-day simple moving average of $97.81 and a two-hundred day simple moving average of $78.87.

Wynn Resorts (NASDAQ:WYNN – Get Rating) last posted its earnings results on Wednesday, February 8th. The casino operator reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.06). The business had revenue of $1 billion during the quarter, compared to analyst estimates of $955.88 million. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.37) earnings per share. On average, equities research analysts anticipate that Wynn Resorts, Limited will post 0.24 EPS for the current fiscal year.

About Wynn Resorts

(Get Rating)

Wynn Resorts Ltd. is a holding company, which engages in the design, development, and operation of destination casino resorts. It operates through the following segments: Wynn Palace, Wynn Macau, Las Vegas Operations, Wynn Interactive and Encore Boston Harbor. The company was founded by Stephen Alan Wynn, Elaine P.