Hilton Grand Vacations (NYSE:HGV) Insider Mark Wang Sells 190,813 Shares of Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Mark Wang sold 190,813 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the transaction, the insider owned 904,241 shares in the company, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hilton Grand Vacations Price Performance

HGV stock opened at $53.13 on Tuesday. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 0.78 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 12-month low of $36.79 and a 12-month high of $53.82. The company’s fifty day simple moving average is $45.50 and its 200 day simple moving average is $44.76.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.43. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. Hilton Grand Vacations’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Barclays boosted their target price 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. Mizuho dropped 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. Citizens Jmp upped their price objective on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a report on Monday, March 9th. Finally, Wells Fargo & Company dropped their price objective 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 given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations has a consensus rating of “Moderate Buy” and an average target price of $56.89.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently made changes to their positions in the business. Iridian Asset Management LLC CT increased its position in shares of Hilton Grand Vacations by 69.7% during the fourth quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company’s stock worth $20,807,000 after acquiring an additional 190,909 shares in the last quarter. TFJ Management LLC increased its position in shares of Hilton Grand Vacations by 17.1% during the third quarter. TFJ Management LLC now owns 266,171 shares of the company’s stock worth $11,129,000 after acquiring an additional 38,780 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Hilton Grand Vacations during the third quarter worth about $6,956,000. WINTON GROUP Ltd bought a new stake in shares of Hilton Grand Vacations during the third quarter worth about $4,386,000. Finally, JPMorgan Chase & Co. increased its position in shares of Hilton Grand Vacations by 19.0% during the third quarter. JPMorgan Chase & Co. now owns 237,836 shares of the company’s stock worth $9,944,000 after acquiring an additional 37,907 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

About Hilton Grand Vacations

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.