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 the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 904,241 shares in the company, valued at $46,957,235.13. This represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hilton Grand Vacations Trading Up 2.1%

Shares of NYSE:HGV traded up $1.11 during trading on Monday, reaching $53.13. 944,083 shares of the company were exchanged, compared to its average volume of 810,785. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. The firm has a market capitalization of $4.24 billion, a PE ratio of 28.41, a P/E/G ratio of 0.78 and a beta of 1.50. The business’s fifty day simple moving average is $45.27 and its 200-day simple moving average is $44.66. Hilton Grand Vacations Inc. has a 12-month low of $36.79 and a 12-month high of $53.82.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Hilton Grand Vacations’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts anticipate that Hilton Grand Vacations Inc. will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HGV. 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 for the company in a research note on Monday. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Zacks Research raised shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Barclays increased their price objective on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Finally, Truist Financial boosted their price objective on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. One research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.89.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently bought and sold shares of HGV. Bank of America Corp DE grew its stake in Hilton Grand Vacations by 411.4% during the 1st quarter. Bank of America Corp DE now owns 566,855 shares of the company’s stock worth $22,175,000 after buying an additional 456,008 shares during the last quarter. Amundi grew its stake in shares of Hilton Grand Vacations by 214.2% during the first quarter. Amundi now owns 20,490 shares of the company’s stock worth $802,000 after acquiring an additional 13,969 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Hilton Grand Vacations by 20.6% during the first quarter. California State Teachers Retirement System now owns 69,769 shares of the company’s stock worth $2,729,000 after acquiring an additional 11,932 shares during the last quarter. Readystate Asset Management LP increased its holdings in shares of Hilton Grand Vacations by 38.7% during the first quarter. Readystate Asset Management LP now owns 37,324 shares of the company’s stock valued at $1,460,000 after acquiring an additional 10,422 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Hilton Grand Vacations by 11.7% in the 1st quarter. Quantinno Capital Management LP now owns 15,609 shares of the company’s stock valued at $611,000 after purchasing an additional 1,633 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.