Charles Jr. Corbin Sells 20,691 Shares of Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 20,691 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the completion of the sale, the insider directly owned 47,924 shares of the company’s stock, valued at $2,247,635.60. This represents a 30.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hilton Grand Vacations Trading Down 1.7%

NYSE:HGV traded down $0.78 on Friday, hitting $45.66. The stock had a trading volume of 1,258,227 shares, compared to its average volume of 969,663. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 0.46 and a beta of 1.53. The company has a fifty day moving average price of $50.51 and a two-hundred day moving average price of $47.09. Hilton Grand Vacations Inc. has a 1-year low of $36.79 and a 1-year high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Equities research analysts expect that Hilton Grand Vacations Inc. will post 4.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HGV shares. Mizuho reduced their target price on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company lowered their price target on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. The Goldman Sachs Group decreased their target price on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Truist Financial increased their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Persistent Asset Partners Ltd acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at $63,000. Bard Associates Inc. acquired a new position in Hilton Grand Vacations during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after acquiring an additional 565 shares in the last quarter. Leonteq Securities AG boosted its holdings in Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Hilton Grand Vacations during the 4th quarter valued at about $44,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.