Key Points
- Insider selling: Hilton Grand Vacations insider Mark Wang sold 190,813 shares at an average price of $51.93, totaling about $9.9 million. After the sale, he still held 904,241 shares, a 17.42% reduction in his stake.
- Stock performance and fundamentals: HGV shares were up 2.1% to $53.13, near their 52-week high of $53.82. The company also reported strong quarterly results, with EPS of $0.99 beating estimates and revenue rising 11.9% year over year.
- Analyst and investor sentiment: Institutional ownership remains very high at 97.23%, and several analysts recently raised ratings or price targets. MarketBeat says the stock’s consensus rating is Moderate Buy with an average price target of $56.89.
Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) insider Mark Wang sold 190,813 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the sale, the insider directly owned 904,241 shares of the company's stock, valued at $46,957,235.13. The trade was a 17.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Hilton Grand Vacations Trading Up 2.1%
Shares of HGV stock opened at $53.13 on Tuesday. Hilton Grand Vacations Inc. has a 52-week low of $36.79 and a 52-week high of $53.82. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The company has a 50-day simple moving average of $45.50 and a two-hundred day simple moving average of $44.76. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 0.78 and a beta of 1.49.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued 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. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm posted $0.09 EPS. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts anticipate that Hilton Grand Vacations Inc. will post 3.03 EPS for the current fiscal year.
Hedge Funds Weigh In On Hilton Grand Vacations
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings 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 worth $283,849,000 after buying an additional 464,618 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hilton Grand Vacations by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company's stock valued at $151,375,000 after buying an additional 60,624 shares during the period. Mudita Advisors LLP boosted its position in Hilton Grand Vacations by 11.7% during the 4th quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company's stock valued at $116,664,000 after buying an additional 273,866 shares during the period. UBS Group AG boosted its position in Hilton Grand Vacations by 34.4% during the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company's stock valued at $94,423,000 after buying an additional 577,772 shares during the period. Finally, Franklin Resources Inc. lifted its position 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 worth $86,680,000 after purchasing an additional 521,109 shares during the period. Institutional investors own 97.23% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Hilton Grand Vacations from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Hilton Grand Vacations from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, February 17th. Zacks Research upgraded shares of Hilton Grand Vacations from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 1st. Citizens Jmp boosted their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a "market outperform" rating in a research note on Monday, March 9th. Finally, Mizuho dropped their price target on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.89.
Check Out Our Latest Stock Report on HGV
Hilton Grand Vacations Company Profile
(
Get Free Report)
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.
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