Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Todd Meinert, the Senior Vice President and Chief Accounting Officer at MGM Resorts International (NYSE:MGM), recently sold 6,000 shares of the company’s common stock. The transaction, which took place on February 19, 2025, was executed at a price of $37.8401 per share, amounting to a total sale value of $227,040. Following the sale, Meinert retains ownership of 18,301 shares in MGM Resorts. This transaction reflects a direct ownership change, as reported in the latest SEC filing.The sale comes as MGM, currently valued at $11.28 billion, shows strong momentum with a 10.65% year-to-date return. According to InvestingPro data, the company maintains a GOOD financial health score, with the stock currently trading near its Fair Value. InvestingPro subscribers have access to 6 additional exclusive insights about MGM’s performance and outlook, along with comprehensive analysis in the Pro Research Report.
In other recent news, MGM Resorts International has reported fourth-quarter earnings that exceeded expectations, with property-level EBITDAR reaching $1.24 billion. This strong performance was driven by the company’s Las Vegas operations and was further supported by positive results from Macau and regional properties. In response to these results, JPMorgan raised its price target for MGM to $52, maintaining an Overweight rating. Similarly, CFRA upgraded MGM’s stock rating to Buy, increasing the price target to $45, citing the company’s share buyback program and improved financial outlook.
Mizuho (NYSE:MFG) Securities also adjusted its price target for MGM to $60, maintaining an Outperform rating, and highlighted the company’s potential for year-over-year growth despite significant expenses. Truist Securities reiterated a Buy rating with a $50 price target, noting the company’s robust performance in January and positive outlook for its digital business. Stifel also raised its price target to $50, maintaining a Buy rating, and pointed out MGM’s strong performance in January and strategies for expansion in Las Vegas.
These developments reflect a broadly positive sentiment among analysts regarding MGM Resorts’ financial health and strategic initiatives. The company’s efforts in digital expansion and regional market performance are key factors contributing to this optimism. Overall, the recent analyst updates suggest confidence in MGM’s ability to sustain growth and navigate future challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.