Hilton Grand Vacations (NYSE:HGV) Shares Gap Up to $45.79

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) gapped up prior to trading on Tuesday . The stock had previously closed at $45.79, but opened at $47.20. Hilton Grand Vacations shares last traded at $46.24, with a volume of 25,061 shares trading hands.

Analysts Set New Price Targets

HGV has been the subject of several recent research reports. Jefferies Financial Group raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and increased their price target for the company from $39.00 to $50.00 in a research note on Tuesday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 target price on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Barclays raised their target price on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Truist Financial raised their target price on Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Mizuho assumed coverage on Hilton Grand Vacations in a research note on Tuesday. They set a “buy” rating and a $63.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.29.

Hilton Grand Vacations Trading Up 0.7 %

The firm has a fifty day simple moving average of $44.30 and a 200-day simple moving average of $40.55. The firm has a market cap of $5.00 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.99 and a beta of 1.93. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.34 and a quick ratio of 3.10.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, equities research analysts expect that Hilton Grand Vacations Inc. will post 4.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the transaction, the insider now owns 166,997 shares in the company, valued at $7,711,921.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the sale, the insider now directly owns 140,618 shares in the company, valued at $6,396,712.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 38,557 shares of Hilton Grand Vacations stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the sale, the insider now owns 166,997 shares in the company, valued at $7,711,921.46. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in Hilton Grand Vacations during the fourth quarter worth $277,000. Barclays PLC lifted its holdings in Hilton Grand Vacations by 55.0% during the fourth quarter. Barclays PLC now owns 266,371 shares of the company’s stock worth $10,703,000 after acquiring an additional 94,464 shares during the period. Occudo Quantitative Strategies LP bought a new stake in Hilton Grand Vacations during the fourth quarter worth $900,000. Parsifal Capital Management LP lifted its holdings in Hilton Grand Vacations by 6.0% during the fourth quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock worth $160,107,000 after acquiring an additional 225,893 shares during the period. Finally, Fund 1 Investments LLC lifted its holdings in Hilton Grand Vacations by 30.3% during the fourth quarter. Fund 1 Investments LLC now owns 134,490 shares of the company’s stock worth $5,404,000 after acquiring an additional 31,250 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.