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

Hilton Grand Vacations Inc. (NYSE:HGVGet Free Report) insider Mark Wang sold 190,813 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hilton Grand Vacations Trading Down 1.9%

Shares of NYSE HGV opened at $52.10 on Wednesday. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $53.82. The firm has a market cap of $4.16 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.50. The business has a fifty day simple moving average of $45.50 and a two-hundred day simple moving average of $44.76. 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:HGVGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. Analysts expect that Hilton Grand Vacations Inc. will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HGV. Zacks Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group increased their price objective on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. The Goldman Sachs Group raised 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 report on Monday. Citizens Jmp boosted their price objective on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.89.

Check Out Our Latest Analysis on Hilton Grand Vacations

Institutional Trading of Hilton Grand Vacations

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Hilton Grand Vacations by 7.3% during the third quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock valued at $283,849,000 after acquiring an additional 464,618 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hilton Grand Vacations by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock valued at $151,375,000 after buying an additional 60,624 shares during the last quarter. Mudita Advisors LLP boosted its holdings in shares of Hilton Grand Vacations by 11.7% in the 4th quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after acquiring an additional 273,866 shares during the last quarter. UBS Group AG grew its position in Hilton Grand Vacations by 34.4% during the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after purchasing an additional 577,772 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Hilton Grand Vacations by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock worth $86,680,000 after acquiring an additional 521,109 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Company Profile

(Get Free Report)

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.

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