Hilton Grand Vacations (NYSE:HGV) Insider Charles Jr. Corbin Sells 32,907 Shares

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 32,907 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the sale, the insider directly owned 68,615 shares in the company, valued at approximately $3,270,190.90. The trade was a 32.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hilton Grand Vacations Stock Up 2.9%

Hilton Grand Vacations stock opened at $49.83 on Wednesday. The stock has a market cap of $3.97 billion, a P/E ratio of 26.65, a P/E/G ratio of 0.73 and a beta of 1.49. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $52.08. The company’s 50-day moving average price is $44.66 and its two-hundred day moving average price is $44.41.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. The firm had revenue of $1.29 billion for 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 business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. As a group, analysts expect that Hilton Grand Vacations Inc. will post 3.03 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Hilton Grand Vacations by 7.3% during the third quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock worth $283,849,000 after purchasing an additional 464,618 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Hilton Grand Vacations by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock worth $151,375,000 after purchasing an additional 60,624 shares during the period. Mudita Advisors LLP increased its holdings in shares of Hilton Grand Vacations by 11.7% during the fourth quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock worth $116,664,000 after purchasing an additional 273,866 shares during the period. UBS Group AG increased its holdings in shares of Hilton Grand Vacations by 34.4% during the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after purchasing an additional 577,772 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Hilton Grand Vacations by 36.8% during the fourth 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. 97.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HGV. Wells Fargo & Company lowered their price target 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. Barclays increased their price target on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Zacks Research raised shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Mizuho lowered 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 report on Friday, February 27th. Finally, Morgan Stanley increased their price target on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently 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.