Hilton Grand Vacations Inc. (NYSE:HGV) Given Average Recommendation of “Hold” by Analysts

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $56.8889.

HGV has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective on the stock in a research note on Monday, June 1st. Truist Financial boosted 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 report on Monday, May 18th. Morgan Stanley upped their target price on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Wells Fargo & Company reduced their price target on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, Barclays lifted their price target on 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.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Carlos Hernandez sold 5,595 shares of the stock in a transaction that occurred on 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 owned 14,080 shares of the company’s stock, valued at $657,395.20. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the transaction, the insider owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 229,315 shares of company stock worth $11,738,497 over the last quarter. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds have recently added to or reduced their stakes in the business. Leonteq Securities AG raised its holdings in shares of Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 565 shares during the period. Bard Associates Inc. acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at about $29,000. GAMMA Investing LLC grew its position in shares of Hilton Grand Vacations by 60.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after buying an additional 349 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 2.7%

Shares of HGV opened at $50.53 on Thursday. Hilton Grand Vacations has a one year low of $36.79 and a one year high of $55.40. The stock has a 50-day moving average price of $50.21 and a 200 day moving average price of $46.83. 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 market capitalization of $4.01 billion, a P/E ratio of 27.02, a P/E/G ratio of 0.44 and a beta of 1.51.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $0.09 EPS. Hilton Grand Vacations’s quarterly revenue was up 11.9% on a year-over-year basis. Sell-side analysts forecast that Hilton Grand Vacations will post 5.11 EPS for the current fiscal year.

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.