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

Hilton Grand Vacations Inc. (NYSE:HGV) insider Carlos Hernandez sold 5,595 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total transaction of $261,230.55. Following the transaction, the insider directly owned 14,080 shares of the company’s stock, valued at $657,395.20. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hilton Grand Vacations Trading Down 1.3%

NYSE HGV opened at $48.34 on Friday. The stock has a market capitalization of $3.86 billion, a P/E ratio of 25.85, a P/E/G ratio of 0.73 and a beta of 1.49. Hilton Grand Vacations Inc. has a 52-week low of $36.79 and a 52-week high of $52.08. The firm has a 50-day moving average price of $44.35 and a 200 day moving average price of $44.27. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41.

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, topping the consensus estimate of $0.56 by $0.43. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Equities research analysts expect that Hilton Grand Vacations Inc. will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Mizuho cut their price target on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Friday, February 27th. 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. Truist Financial increased their price target on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group restated a “sell” rating and set a $40.00 target price on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.22.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds have recently bought and sold shares of the company. Leonteq Securities AG increased its stake in Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 565 shares in the last quarter. Bard Associates Inc. purchased a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $44,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.