Hilton Grand Vacations (NYSE:HGV) Insider Mark Wang Buys 12,200 Shares of Company Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Mark Wang purchased 12,200 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average cost of $40.92 per share, for a total transaction of $499,224.00. Following the purchase, the insider directly owned 916,715 shares in the company, valued at $37,511,977.80. This trade represents a 1.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hilton Grand Vacations Price Performance

NYSE HGV traded up $2.13 on Wednesday, hitting $43.89. The company had a trading volume of 2,030,315 shares, compared to its average volume of 1,016,300. The company has a market capitalization of $3.33 billion, a PE ratio of 8.46, a PEG ratio of 0.35 and a beta of 1.60. The company’s fifty day moving average price is $37.59 and its 200-day moving average price is $44.55. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.15 and a quick ratio of 3.35. Hilton Grand Vacations Inc. has a 12-month low of $33.99 and a 12-month high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $2.95. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Hilton Grand Vacations had a net margin of 7.02% and a return on equity of 39.73%. The firm’s revenue for the quarter was up 50.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. As a group, analysts predict that Hilton Grand Vacations Inc. will post 5.27 earnings per share for the current year.

Hilton Grand Vacations announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 20th that authorizes the company to buy back $600 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 17% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citizens Jmp downgraded shares of Hilton Grand Vacations from a “market outperform” rating to a “market perform” rating in a research report on Monday. Zacks Research cut Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Barclays cut their price objective on Hilton Grand Vacations from $46.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday. Truist Financial reduced their target price on Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Finally, Wall Street Zen cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average price target of $49.10.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently modified their holdings of HGV. Fulcrum Asset Management LLP lifted its stake in shares of Hilton Grand Vacations by 58.2% in the 3rd quarter. Fulcrum Asset Management LLP now owns 5,180 shares of the company’s stock valued at $185,000 after purchasing an additional 1,906 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Hilton Grand Vacations by 4.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,070 shares of the company’s stock worth $838,000 after purchasing an additional 1,018 shares during the period. Covestor Ltd grew its holdings in shares of Hilton Grand Vacations by 17.3% during the 3rd quarter. Covestor Ltd now owns 1,800 shares of the company’s stock worth $62,000 after purchasing an additional 265 shares during the period. State of Wyoming grew its holdings in shares of Hilton Grand Vacations by 71.9% during the 3rd quarter. State of Wyoming now owns 10,226 shares of the company’s stock worth $354,000 after purchasing an additional 4,278 shares during the period. Finally, Iridian Asset Management LLC CT increased its position in shares of Hilton Grand Vacations by 54.5% during the 3rd quarter. Iridian Asset Management LLC CT now owns 711,664 shares of the company’s stock worth $24,666,000 after purchasing an additional 251,068 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.

The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.