Insider Selling: Hilton Grand Vacations (NYSE:HGV) Insider Sells 32,907 Shares of Stock

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

Hilton Grand Vacations Stock Up 2.9%

Shares of Hilton Grand Vacations stock traded up $1.42 during trading hours on Tuesday, reaching $49.83. 719,863 shares of the company were exchanged, compared to its average volume of 801,703. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $52.08. The stock’s fifty day moving average is $44.48 and its 200 day moving average is $44.35. 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 firm has a market cap of $3.97 billion, a PE ratio of 26.65, a PEG ratio of 0.73 and a beta of 1.49.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.62% and a net margin of 3.16%.The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.03 earnings per share for the current year.

Institutional Trading of Hilton Grand Vacations

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new position in shares of Hilton Grand Vacations in the 1st quarter valued at $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock valued at $1,545,000 after buying an additional 615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock valued at $6,748,000 after buying an additional 3,705 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after buying an additional 8,567 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after buying an additional 565 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HGV has been the topic of several analyst reports. Truist Financial raised their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a report on Monday, May 18th. Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Morgan Stanley raised their target price 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. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 target price on shares of Hilton Grand Vacations in a report on Thursday, February 26th. Finally, Barclays lifted their price target on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. One research 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 a consensus 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.