MGM Resorts International (NYSE:MGM) Major Shareholder Iac Inc. Purchases 550,000 Shares

MGM Resorts International (NYSE:MGM) major shareholder Iac Inc. bought 550,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average cost of $37.30 per share, for a total transaction of $20,515,000.00. Following the completion of the transaction, the insider directly owned 66,372,350 shares in the company, valued at approximately $2,475,688,655. This trade represents a 0.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Iac Inc. also recently made the following trade(s):

• On Tuesday, March 24th, Iac Inc. bought 450,000 shares of MGM Resorts International stock. The stock was purchased at an average price of $37.13 per share, for a total transaction of $16,708,500.00.

MGM Resorts International Price Performance

MGM stock opened at $37.48 on Thursday. The company has a market cap of $9.59 billion, a PE ratio of 49.98 and a beta of 1.38. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 1.91. The stock has a 50-day moving average price of $35.58 and a two-hundred day moving average price of $34.80. MGM Resorts International has a 12-month low of $25.30 and a 12-month high of $40.16.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings data on Wednesday, February 4th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.96. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.42 billion. MGM Resorts International had a return on equity of 26.04% and a net margin of 1.17%.During the same period last year, the business posted $0.45 EPS. As a group, research analysts predict that MGM Resorts International will post 2.21 EPS for the current year.

Hedge Funds Weigh In On MGM Resorts International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of MGM Resorts International during the second quarter valued at approximately $25,000. Mendota Financial Group LLC acquired a new position in shares of MGM Resorts International during the third quarter worth $27,000. Global Retirement Partners LLC boosted its stake in shares of MGM Resorts International by 55.9% in the fourth quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 281 shares during the period. Mather Group LLC. acquired a new stake in MGM Resorts International during the 3rd quarter valued at $33,000. Finally, Elyxium Wealth LLC acquired a new stake in MGM Resorts International during the 4th quarter valued at $42,000. 68.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on MGM. Wells Fargo & Company lifted their price target on shares of MGM Resorts International from $29.00 to $31.00 and gave the company an “underweight” rating in a research report on Friday, January 16th. Zacks Research raised shares of MGM Resorts International from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. raised their target price on shares of MGM Resorts International from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Berenberg Bank restated a “buy” rating on shares of MGM Resorts International in a report on Wednesday, February 11th. Finally, Truist Financial upped their price target on shares of MGM Resorts International from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, MGM Resorts International has an average rating of “Hold” and an average target price of $41.94.

Key Headlines Impacting MGM Resorts International

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: IAC Inc. (a >10% holder) purchased a total of 1,000,000 MGM shares across two disclosed transactions (550,000 on Mar. 23 at ~$37.30 and 450,000 on Mar. 24 at ~$37.13), increasing its stake to ~66.8M shares — a roughly $37.2M incremental buy. Large insider accumulation often supports the stock and reduces near-term downside risk. SEC Filing
• Positive Sentiment: MGM launched an all‑inclusive bundle at Luxor and Excalibur (hotel + resort fee + dining + entertainment + parking) aimed at spring/summer leisure demand; priced from $330+tax for two nights. This product can boost bookings, simplify pricing for consumers and lift ancillary revenue if adopted at scale. PR Newswire
• Positive Sentiment: MGM Collection with Marriott Bonvoy rolled out a “Best of Both Worlds” moments series, extending loyalty reach and cross‑selling opportunities to Marriott’s large customer base — potentially improving occupancy and higher‑value guest flows. Breaking Travel News
• Neutral Sentiment: MGM’s foundation activity supporting employee programs was reported — positive for ESG and retention but unlikely to move near‑term financials materially. Westfair
• Neutral Sentiment: Coverage notes a legislative topic (a prior bill on sports‑prediction contracts) that historically has moved sportsbook valuations; it’s a background regulatory item investors should monitor but the cited piece is older and not an immediate catalyst. Covers
• Negative Sentiment: Industry commentary highlights new entrants (e.g., ZunaBet) and “next‑generation” wagering experiences that may capture segments BetMGM hasn’t fully addressed — a reminder of competitive pressure in digital gaming that could weigh on BetMGM market share and longer‑term online growth. Blockonomi

About MGM Resorts International

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.