Hilton Grand Vacations Inc. (NYSE:HGV – Get Free Report) insider Mark Wang purchased 12,200 shares of the stock in a transaction on Monday, November 2nd. The shares were bought at an average price of $40.92 per share, for a total transaction of $499,224.00. Following the acquisition, the insider owned 916,715 shares of the company’s stock, valued at approximately $37,511,977.80. The trade was a 1.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hilton Grand Vacations Trading Up 5.1%
NYSE:HGV opened at $43.89 on Thursday. The company’s 50 day moving average is $37.57 and its 200-day moving average is $44.53. The company has a quick ratio of 3.35, a current ratio of 5.15 and a debt-to-equity ratio of 5.29. Hilton Grand Vacations Inc. has a 12 month low of $33.99 and a 12 month high of $55.40. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.30 and a beta of 1.60.
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $2.95. Hilton Grand Vacations had a net margin of 7.02% and a return on equity of 39.73%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm earned $0.60 EPS. Hilton Grand Vacations’s quarterly revenue was up 50.8% compared to the same quarter last year. Equities analysts anticipate that Hilton Grand Vacations Inc. will post 6.38 EPS for the current year.
Hilton Grand Vacations declared that its board has authorized a share buyback program on Thursday, August 20th that permits the company to repurchase $600 million in outstanding shares. This buyback authorization permits the company to reacquire up to 17% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fulcrum Asset Management LLP boosted its holdings in Hilton Grand Vacations by 58.2% during the third quarter. Fulcrum Asset Management LLP now owns 5,180 shares of the company’s stock valued at $185,000 after purchasing an additional 1,906 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Hilton Grand Vacations by 4.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,070 shares of the company’s stock valued at $838,000 after purchasing an additional 1,018 shares during the period. Covestor Ltd grew its stake in shares of Hilton Grand Vacations by 17.3% in the 3rd quarter. Covestor Ltd now owns 1,800 shares of the company’s stock valued at $62,000 after purchasing an additional 265 shares during the period. State of Wyoming raised its holdings in shares of Hilton Grand Vacations by 71.9% in the 3rd quarter. State of Wyoming now owns 10,226 shares of the company’s stock worth $354,000 after buying an additional 4,278 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its holdings in shares of Hilton Grand Vacations by 54.5% in the 3rd quarter. Iridian Asset Management LLC CT now owns 711,664 shares of the company’s stock worth $24,666,000 after buying an additional 251,068 shares in the last quarter. 97.23% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
HGV has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Hilton Grand Vacations from $51.00 to $38.00 and set a “cautious” rating on the stock in a research report on Monday, October 19th. Truist Financial cut their price objective on Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. Mizuho decreased their target price on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Susquehanna lowered their target price on Hilton Grand Vacations from $50.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.10.
Get Our Latest Research Report on Hilton Grand Vacations
About Hilton Grand Vacations
Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.
The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.
Read More
- Five stocks we like better than Hilton Grand Vacations
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Hilton Grand Vacations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations and related companies with MarketBeat.com's FREE daily email newsletter.
