Mirae Asset Global Investments Co. Ltd. Has $915,000 Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 36.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,337 shares of the casino operator’s stock after purchasing an additional 2,754 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Wynn Resorts were worth $915,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WYNN. Regal Partners Ltd boosted its position in Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock valued at $86,168,000 after buying an additional 174,005 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Wynn Resorts by 90.6% in the third quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator’s stock valued at $11,094,000 after acquiring an additional 54,995 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Wynn Resorts in the fourth quarter worth about $903,000. Crystal Rock Capital Management bought a new stake in Wynn Resorts during the 3rd quarter worth about $719,000. Finally, ARGA Investment Management LP acquired a new position in Wynn Resorts during the 3rd quarter valued at about $2,174,000. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

NASDAQ WYNN opened at $77.00 on Wednesday. Wynn Resorts, Limited has a 52-week low of $71.63 and a 52-week high of $110.38. The business has a 50 day simple moving average of $86.38 and a 200 day simple moving average of $86.89. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 2.32 and a beta of 1.76.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WYNN shares. Wells Fargo & Company lowered their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays decreased their price objective on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Wynn Resorts 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.