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

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 9,798 shares of the casino operator’s stock after acquiring an additional 176 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Wynn Resorts were worth $844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WYNN. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Wynn Resorts by 703.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after acquiring an additional 900 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Wynn Resorts by 123.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,222 shares of the casino operator’s stock worth $1,268,000 after purchasing an additional 7,315 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Wynn Resorts by 47.8% in the third quarter. Wedge Capital Management L L P NC now owns 46,286 shares of the casino operator’s stock valued at $4,438,000 after purchasing an additional 14,964 shares during the period. CX Institutional purchased a new stake in shares of Wynn Resorts in the third quarter valued at about $264,000. Finally, NBC Securities Inc. boosted its stake in shares of Wynn Resorts by 104.0% during the third quarter. NBC Securities Inc. now owns 16,375 shares of the casino operator’s stock worth $1,570,000 after buying an additional 8,350 shares during the period. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN opened at $77.00 on Wednesday. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 2.32 and a beta of 1.76. The business’s 50 day simple moving average is $86.38 and its 200-day simple moving average is $86.89. Wynn Resorts, Limited has a 12 month low of $71.63 and a 12 month high of $110.38.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Wynn Resorts in a research report on Tuesday, November 5th. Jefferies Financial Group cut their price target on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, January 3rd. Barclays lowered their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.