Stephen A Wynn disclosed that they own 20.4% of Wynn Resorts, Limited (NASDAQ:WYNN) in a Form 13D/A disclosure that was filed with the SEC on Tuesday, January 19th. The investor owns 20,707,704 shares of the stock valued at approximately $1,225,274,846. The reporting parties listed on the disclosure included Stephen A Wynn, Elaine P Wynn and Wynn Family Limited Partnership. The disclosure is available through the SEC website at this link.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WYNN. J. Goldman & Company purchased a new position in Wynn Resorts, Limited during the third quarter worth about $38,000. Community Trust & Investment Company increased its position in Wynn Resorts, Limited by 54.5% in the fourth quarter. Community Trust & Investment Company now owns 7,800 shares of the casino operator’s stock worth $540,000 after buying an additional 2,750 shares in the last quarter. Creative Planning increased its position in Wynn Resorts, Limited by 24.0% in the fourth quarter. Creative Planning now owns 62,295 shares of the casino operator’s stock worth $4,310,000 after buying an additional 12,072 shares in the last quarter. Chevy Chase Trust Holdings increased its position in Wynn Resorts, Limited by 0.7% in the fourth quarter. Chevy Chase Trust Holdings now owns 65,645 shares of the casino operator’s stock worth $4,542,000 after buying an additional 459 shares in the last quarter. Finally, BB&T Securities bought a new position in Wynn Resorts, Limited during the fourth quarter worth $461,000.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 59.17 on Monday. Wynn Resorts, Limited has a 12 month low of $49.95 and a 12 month high of $160.41. The company’s 50-day moving average price is $63.43 and its 200-day moving average price is $74.48. The company has a market cap of $5.99 billion and a price-to-earnings ratio of 30.83.

A number of research firms have weighed in on WYNN. CLSA restated a “buy” rating on shares of Wynn Resorts, Limited in a research note on Saturday, January 9th. Telsey Advisory Group decreased their price target on Wynn Resorts, Limited from $69.00 to $68.00 and set a “market perform” rating for the company in a research note on Thursday, November 19th. Bank of America restated a “hold” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, December 9th. Zacks Investment Research upgraded Wynn Resorts, Limited from a “sell” rating to a “hold” rating in a research note on Thursday, December 31st. Finally, Nomura decreased their price target on Wynn Resorts, Limited from $73.00 to $64.00 in a research note on Tuesday, January 19th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $96.48.

In related news, insider Stephen A. Wynn bought 572,850 shares of the company’s stock in a transaction on Friday, January 22nd. The shares were purchased at an average price of $55.62 per share, for a total transaction of $31,861,917.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen A. Wynn bought 1,003,977 shares of the company’s stock in a transaction on Tuesday, December 8th. The shares were bought at an average price of $63.61 per share, for a total transaction of $63,862,976.97. Following the transaction, the chief executive officer now owns 1,043,292 shares of the company’s stock, valued at $66,363,804.12. The disclosure for this purchase can be found here.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (NASDAQ:WYNN). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.

12 Month Chart for NASDAQ:WYNN

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