Hilton Grand Vacations (NYSE:HGV) Insider Sells $261,230.55 in Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Carlos Hernandez sold 5,595 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total transaction of $261,230.55. Following the transaction, the insider owned 14,080 shares of the company’s stock, valued at approximately $657,395.20. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hilton Grand Vacations Price Performance

HGV stock opened at $48.34 on Friday. The company has a 50 day simple moving average of $44.35 and a 200 day simple moving average of $44.27. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 0.73 and a beta of 1.49. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $52.08. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. Research analysts anticipate that Hilton Grand Vacations Inc. will post 3.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Hilton Grand Vacations by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock valued at $283,849,000 after purchasing an additional 464,618 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hilton Grand Vacations by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock valued at $151,375,000 after purchasing an additional 60,624 shares during the last quarter. Mudita Advisors LLP boosted its stake in shares of Hilton Grand Vacations by 11.7% in the 4th quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after purchasing an additional 273,866 shares during the last quarter. UBS Group AG boosted its stake in shares of Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after purchasing an additional 577,772 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Hilton Grand Vacations by 36.8% in the 4th quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock valued at $86,680,000 after purchasing an additional 521,109 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HGV has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Citizens Jmp boosted their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, March 9th. Mizuho reduced their target price on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Wall Street Zen raised shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Finally, Wells Fargo & Company reduced their target price on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.22.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.