Hilton Grand Vacations (NYSE:HGV) Insider Mark Wang Sells 190,813 Shares

Hilton Grand Vacations Inc. (NYSE:HGV) insider Mark Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the sale, the insider owned 904,241 shares of the company’s stock, valued at $46,957,235.13. The trade was a 17.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded up $1.11 during mid-day trading on Monday, hitting $53.13. The stock had a trading volume of 944,083 shares, compared to its average volume of 810,785. The firm has a market cap of $4.24 billion, a PE ratio of 28.41, a PEG ratio of 0.78 and a beta of 1.50. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The company has a 50 day moving average of $45.27 and a two-hundred day moving average of $44.66. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $53.82.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Research analysts predict that Hilton Grand Vacations Inc. will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

HGV has been the topic of several research reports. Zacks Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. 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. Barclays increased their price objective on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group upgraded Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.89.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of HGV. Leonteq Securities AG increased its position in shares of Hilton Grand Vacations by 189.7% in the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after buying an additional 440 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 acquiring an additional 565 shares during the period. Bard Associates Inc. purchased a new stake in Hilton Grand Vacations in the 4th quarter worth $29,000. GAMMA Investing LLC increased its holdings in Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after acquiring an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Hilton Grand Vacations during the fourth quarter worth $44,000. Hedge funds and other 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.