TLDR
- Director Keith Meister sold 37,500 MGM stock units on March 9, 2026, at $34.27 each, totaling $1,285,125
- His remaining stake is 5,347,978 units valued at roughly $183.3 million — the sale trimmed his holding by 0.70%
- MGM’s Q4 EPS came in at $1.60, crushing the $0.64 consensus estimate; revenue hit $4.61B vs. $4.42B expected
- The stock traded at $35.66 on Monday, with a market cap of $9.12 billion
- Analyst consensus sits at “Hold” with an average price target of $41.94
Director Keith Meister sold 37,500 units of MGM Resorts International (MGM) stock on March 9, 2026, at an average price of $34.27 per unit. The total value of the transaction came to $1,285,125.
MGM Resorts International, MGM
The sale was filed with the Securities & Exchange Commission and represents a 0.70% reduction in Meister’s stake. He still holds 5,347,978 units in the company, valued at approximately $183.3 million.
Insider sales often get attention from the market, but context matters here. Meister remains one of the largest individual holders of MGM stock, and a sub-1% trim isn’t exactly a fire exit.
On the day of the sale, MGM stock traded up $0.09 to $35.66. Trading volume hit 7,072,754 units, well above the average of 5,098,417.
The stock’s 52-week range runs from $25.30 to $40.16. Its 50-day moving average sits at $35.37, and its 200-day moving average is at $34.95 — putting the current price modestly above both.
MGM carries a market cap of $9.12 billion, a price-to-earnings ratio of 47.54, and a beta of 1.38. Its debt-to-equity ratio stands at 1.91.
Q4 Earnings Beat
MGM posted Q4 results on February 4, 2026. The company reported earnings per unit of $1.60, beating the analyst consensus of $0.64 by $0.96 — a wide margin.
Revenue for the quarter came in at $4.61 billion, topping estimates of $4.42 billion. In the same period last year, MGM posted EPS of $0.45.
Return on equity stood at 26.04%, with a net margin of 1.17%. Analysts now expect full-year EPS of $2.21 for the current fiscal year.
Options activity around MGM has been mixed heading into the next earnings date of April 29. Traders have been rotating between put and call activity, pushing implied volatility higher.
Analyst Ratings
Wall Street’s view on MGM is split. After the Q4 beat, several firms adjusted their targets.
Citigroup raised its target from $35 to $41, keeping a “neutral” rating. JPMorgan Chase lifted its target from $39 to $41, also with a “neutral.” Truist Financial moved its target from $38 to $39, rating the stock a “hold.”
Barclays set a $37 target. Morgan Stanley held its “underweight” rating with a $34 price objective — the most cautious call on the street.
Across 20 analysts, one rates MGM a Strong Buy, eight say Buy, seven say Hold, and four have it at Sell. The average price target sits at $41.94, implying upside from current levels.
On the institutional side, 68.11% of MGM stock is held by institutional investors. Several funds have recently added to positions, including Woodline Partners LP, which grew its stake by 39.1%.
Assetmark Inc. doubled its position, up 120.3%, while NewEdge Advisors and MIRAE ASSET GLOBAL ETFS also added to their holdings in recent quarters.
The stock’s next catalyst will be the April 29 earnings report.
