Wynn Resorts Insiders Placed Bullish Bets Worth US$8.96m

Quite a few insiders have dramatically grown their holdings in Wynn Resorts, Limited (NASDAQ:WYNN) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

We've discovered 3 warning signs about Wynn Resorts. View them for free.

The Last 12 Months Of Insider Transactions At Wynn Resorts

Over the last year, we can see that the biggest insider purchase was by insider Tilman Fertitta for US$6.8m worth of shares, at about US$67.62 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$83.52. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Happily, we note that in the last year insiders paid US$9.0m for 123.80k shares. But insiders sold 4.65k shares worth US$405k. In total, Wynn Resorts insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Wynn Resorts

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Wynn Resorts Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Wynn Resorts. Overall, three insiders shelled out US$9.0m for shares in the company -- and none sold. That shows some optimism about the company's future.

Does Wynn Resorts Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Wynn Resorts insiders own about US$1.6b worth of shares (which is 18% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Wynn Resorts Insiders?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Wynn Resorts insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Wynn Resorts. For instance, we've identified 3 warning signs for Wynn Resorts (1 is significant) you should be aware of.

But note: Wynn Resorts may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.