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Paul Albert Liu, a director at Wynn Resorts Ltd (NASDAQ:WYNN), has purchased 1,600 shares of the company’s common stock. The transaction, which took place on February 19, 2025, was valued at approximately $147,904, with shares acquired at a price of $92.44 each. The purchase comes as Wynn Resorts demonstrates strong financial health, with InvestingPro analysis showing the company’s stock trading below its Fair Value, supported by a robust EBITDA of $1.8 billion over the last twelve months. Following this acquisition, Liu’s total direct and indirect holdings in the company amount to 5,696 shares. The shares were acquired through a family trust, indicating a personal investment in the company’s future performance. With analysts setting a consensus high target of $132 and maintaining a strong buy recommendation, Liu’s timing appears strategic. Discover more valuable insights about Wynn Resorts and access comprehensive analysis with InvestingPro, which offers additional exclusive ProTips and detailed financial metrics.
In other recent news, Wynn Resorts reported impressive fourth-quarter 2024 earnings, with an earnings per share (EPS) of $2.42, significantly surpassing analysts’ expectations of $1.33. Revenue for the quarter totaled $1.84 billion, exceeding projections by $60 million. Following these results, several analyst firms have updated their outlook on the company. Jefferies upgraded Wynn Resorts from a Hold to a Buy, raising the price target to $118, citing strong long-term capital investment plans and growth prospects. Stifel also increased its price target to $128, maintaining a Buy rating, noting the company’s undervalued Macau operations and strategic share repurchase program.
CFRA analyst Zachary Warring raised the price target to $113 and reiterated a Strong Buy rating, emphasizing Wynn Resorts’ robust cash generation and leading position in the luxury casino sector. Citi analyst George Choi increased the price target to $97, maintaining a Buy rating, and highlighted the company’s strategic financial management and share repurchases. These recent developments reflect a positive outlook for Wynn Resorts, driven by strong earnings performance and strategic initiatives across various markets, including Macau and the United Arab Emirates.
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