Harel Insurance Investments & Financial Services Ltd. Decreases Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Harel Insurance Investments & Financial Services Ltd. trimmed its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 60.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the company’s stock after selling 1,501 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Hilton Grand Vacations were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Apollo Management Holdings L.P. purchased a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at about $1,346,044,000. BlackRock Inc. lifted its holdings in shares of Hilton Grand Vacations by 46.1% in the 1st quarter. BlackRock Inc. now owns 10,794,419 shares of the company’s stock valued at $479,596,000 after purchasing an additional 3,408,398 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Hilton Grand Vacations by 120.0% in the 1st quarter. Invesco Ltd. now owns 2,130,560 shares of the company’s stock valued at $110,810,000 after purchasing an additional 1,162,310 shares during the last quarter. Norges Bank purchased a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at about $41,554,000. Finally, State Street Corp lifted its holdings in shares of Hilton Grand Vacations by 58.0% in the 1st quarter. State Street Corp now owns 2,711,513 shares of the company’s stock valued at $120,473,000 after purchasing an additional 995,676 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on HGV shares. Truist Financial boosted their target price on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, March 15th. Jefferies Financial Group raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and boosted their target price for the company from $39.00 to $50.00 in a report on Tuesday, January 2nd. JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a research report on Monday. They issued an “overweight” rating and a $59.00 price target on the stock. Barclays boosted their price target on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Mizuho initiated coverage on Hilton Grand Vacations in a research report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.50.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $43.22 on Wednesday. The company has a current ratio of 4.34, a quick ratio of 3.10 and a debt-to-equity ratio of 2.13. The business’s 50 day moving average is $45.21 and its two-hundred day moving average is $41.00. Hilton Grand Vacations Inc. has a 12-month low of $33.13 and a 12-month high of $49.02. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.91 and a beta of 1.93.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts expect that Hilton Grand Vacations Inc. will post 4.07 EPS for the current year.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the transaction, the insider now owns 51,855 shares in the company, valued at approximately $2,437,185. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Charles R. Jr. Corbin sold 38,557 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the sale, the insider now owns 166,997 shares in the company, valued at approximately $7,711,921.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jorge Pablo Brizi sold 28,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total value of $1,316,000.00. Following the completion of the sale, the insider now owns 51,855 shares in the company, valued at approximately $2,437,185. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,557 shares of company stock worth $4,142,832. Company insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.