Hilton Grand Vacations (NYSE:HGV) Sees Large Volume Increase – Here’s Why

Hilton Grand Vacations Inc. (NYSE:HGV) saw an uptick in trading volume on Monday . Approximately 1,402,192 shares traded hands during mid-day trading, an increase of 56% from the previous session’s volume of 896,590 shares.The stock last traded at $52.7290 and had previously closed at $52.73.

Analysts Set New Price Targets

HGV has been the topic of a number of analyst reports. Citizens Jmp raised 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. Morgan Stanley lifted their price target on Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Barclays upped their price objective on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Wells Fargo & Company dropped their price objective on 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. Finally, Jefferies Financial Group raised their target price on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.89.

Hilton Grand Vacations Price Performance

The company’s 50 day moving average is $48.65 and its 200 day moving average is $45.94. The company has a current ratio of 4.33, a quick ratio of 2.64 and a debt-to-equity ratio of 5.41. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 0.46 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.09 earnings per share. Research analysts anticipate that Hilton Grand Vacations Inc. will post 5.11 EPS for the current fiscal year.

Insider Activity

In related news, insider Mark D. 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 value 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. This represents a 17.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 68,615 shares in the company, valued at $3,270,190.90. This represents a 32.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 229,315 shares of company stock valued at $11,738,497. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Large investors have recently modified their holdings of the company. 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 valued at $283,849,000 after acquiring an additional 464,618 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 worth $151,375,000 after purchasing an additional 60,624 shares during the period. Mudita Advisors LLP increased its stake in Hilton Grand Vacations by 11.7% in the fourth quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after purchasing an additional 273,866 shares during the period. UBS Group AG raised its holdings in shares of Hilton Grand Vacations by 34.4% in the third 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 last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Hilton Grand Vacations by 36.8% in the fourth quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock valued at $86,680,000 after buying an additional 521,109 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

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.