Insider Selling: Hilton Grand Vacations (NYSE:HGV) Insider Sells $9,908,919.09 in Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Mark Wang sold 190,813 shares of the business’s 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 transaction, the insider directly owned 904,241 shares in the company, valued at $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hilton Grand Vacations Stock Down 3.9%

NYSE HGV opened at $50.05 on Thursday. 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 Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $53.82. The business has a 50 day moving average price of $45.90 and a two-hundred day moving average price of $44.91. The stock has a market cap of $3.99 billion, a PE ratio of 26.76, a P/E/G ratio of 0.78 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data 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. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, sell-side analysts predict that Hilton Grand Vacations Inc. will post 3.03 EPS for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in shares of Hilton Grand Vacations by 5.7% in the 4th quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock worth $199,000 after acquiring an additional 238 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Hilton Grand Vacations by 13.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock worth $112,000 after buying an additional 291 shares during the period. Waterway Wealth Management LLC lifted its stake in Hilton Grand Vacations by 4.3% during the third quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock valued at $332,000 after buying an additional 325 shares in the last quarter. GAMMA Investing LLC lifted its stake in Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after buying an additional 349 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Hilton Grand Vacations by 3.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock worth $482,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HGV. Wall Street Zen raised shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Mizuho reduced their price target on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Jefferies Financial Group raised their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. Finally, Zacks Research raised Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. One equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.89.

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.