Hilton Grand Vacations (NYSE:HGV) Insider Carlos Hernandez Sells 5,595 Shares

Hilton Grand Vacations Inc. (NYSE:HGV) insider Carlos Hernandez sold 5,595 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total transaction of $261,230.55. Following the completion of the sale, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded up $0.17 during midday trading on Thursday, hitting $48.94. The company’s stock had a trading volume of 695,990 shares, compared to its average volume of 805,184. The stock has a fifty day moving average price of $44.11 and a 200 day moving average price of $44.19. Hilton Grand Vacations Inc. has a one year low of $36.79 and a one year high of $52.08. 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 firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 0.69 and a beta of 1.49.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly 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. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, research analysts forecast that Hilton Grand Vacations Inc. will post 3.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen raised shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Jefferies Financial Group boosted their price target on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a report on Thursday, February 26th. Finally, Barclays upped their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.22.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HGV. TFJ Management LLC increased its holdings in shares of Hilton Grand Vacations by 17.1% in the 3rd quarter. TFJ Management LLC now owns 266,171 shares of the company’s stock worth $11,129,000 after buying an additional 38,780 shares during the last quarter. Iridian Asset Management LLC CT increased its holdings in shares of Hilton Grand Vacations by 69.7% in the 4th quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company’s stock worth $20,807,000 after buying an additional 190,909 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Hilton Grand Vacations in the 3rd quarter worth $6,956,000. Hudson Bay Capital Management LP bought a new position in shares of Hilton Grand Vacations in the 3rd quarter worth $2,967,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Hilton Grand Vacations by 19.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 237,836 shares of the company’s stock worth $9,944,000 after buying an additional 37,907 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

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.