Hilton Grand Vacations (NYSE:HGV) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Hilton Grand Vacations Inc. (NYSE:HGV) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $49.56 and traded as high as $52.94. Hilton Grand Vacations shares last traded at $52.6610, with a volume of 1,330,094 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HGV shares. The Goldman Sachs Group raised Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective on the stock in a report on Monday, June 1st. Citizens Jmp boosted their target price on Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, March 9th. Wall Street Zen raised Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Wells Fargo & Company dropped 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 research report on Thursday, April 16th. Finally, Morgan Stanley boosted their price objective on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $56.89.

Hilton Grand Vacations Stock Down 0.5%

The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. The firm has a market capitalization of $4.17 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51. The business has a 50 day moving average price of $49.56 and a 200 day moving average price of $46.51.

Hilton Grand Vacations (NYSE:HGV) last announced its 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 $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. On average, analysts predict that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current year.

Insider Transactions at Hilton Grand Vacations

In other news, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider owned 14,080 shares in the company, valued at approximately $657,395.20. This trade represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the firm’s stock in a transaction on 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 owned 904,241 shares in the company, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 229,315 shares of company stock worth $11,738,497 over the last three months. 3.10% of the stock is currently owned by insiders.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp grew its position in Hilton Grand Vacations by 5.7% in the 4th quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock worth $199,000 after purchasing an additional 238 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Hilton Grand Vacations by 13.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock worth $112,000 after purchasing an additional 291 shares during the period. GAMMA Investing LLC increased its holdings in shares of Hilton Grand Vacations by 60.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after purchasing an additional 349 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Hilton Grand Vacations by 3.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock valued at $482,000 after buying an additional 400 shares during the last quarter. Finally, Leonteq Securities AG raised its position in shares of Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after buying an additional 440 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

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.