5 Best Hotel Stocks To Invest In

4. Wynn Resorts, Limited (NASDAQ:WYNN)

Number of Hedge Fund Holders: 37

Wynn Resorts, Limited (NASDAQ:WYNN) is a Nevada-based company developing and operating luxury high-end hotels and casinos. Wynn Resorts, Limited (NASDAQ:WYNN)’s core income generating properties are located on the Las Vegas Strip, namely Wynn Las Vegas and Encore Las Vegas. Other properties are situated in Everett, Massachusetts, and Macau, China.

Morgan Stanley analyst Thomas Allen kept an Overweight rating on Wynn Resorts, Limited (NASDAQ:WYNN), but lowered the price target from $113 to $107 on October 20. He believes that the Q3 estimates for Wynn Resorts, Limited (NASDAQ:WYNN)’s Vegas properties will be good, but since travel restrictions are still in place, the Macau estimates will be lower than expected. 

Out of the 873 hedge funds monitored by Insider Monkey, 37 funds were long Wynn Resorts, Limited (NASDAQ:WYNN) at the end of Q2.