Hilton Grand Vacations (NYSE:HGV) Stock: Insider Charles Jr. Corbin Sells 60,401 Shares

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 60,401 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $43.41, for a total transaction of $2,622,007.41. Following the completion of the sale, the insider directly owned 47,924 shares in the company, valued at approximately $2,080,380.84. This represents a 55.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $44.09 on Friday. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.31 and a beta of 1.60. 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 twelve month low of $33.99 and a twelve month high of $55.40. The stock has a fifty day simple moving average of $37.55 and a 200 day simple moving average of $44.51.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, October 29th. The company reported $4.03 EPS for the quarter, topping the consensus estimate of $1.08 by $2.95. Hilton Grand Vacations had a return on equity of 39.73% and a net margin of 7.02%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was up 50.8% compared to the same quarter last year. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 6.38 EPS for the current year.

Hilton Grand Vacations declared that its Board of Directors has initiated a share buyback program on Thursday, August 20th that authorizes the company to repurchase $600 million in shares. This buyback authorization authorizes the company to purchase up to 17% of its shares through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company reduced their target price on Hilton Grand Vacations from $51.00 to $38.00 and set a “cautious” rating on the stock in a report on Monday, October 19th. Barclays lowered their price target on shares of Hilton Grand Vacations from $46.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, November 2nd. Truist Financial dropped their price target on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Morgan Stanley reduced their price objective on shares of Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.10.

Institutional Investors Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently made changes to their positions in the business. Leonteq Securities AG increased its holdings in Hilton Grand Vacations by 189.7% in the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares in the last quarter. Nykredit A S acquired a new position in Hilton Grand Vacations in the second quarter valued at approximately $38,000. Allworth Financial LP bought a new position in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $43,000. Covestor Ltd boosted its holdings in shares of Hilton Grand Vacations by 17.3% during the 3rd quarter. Covestor Ltd now owns 1,800 shares of the company’s stock worth $62,000 after buying an additional 265 shares in the last quarter. Finally, Persistent Asset Partners Ltd bought a new position in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $63,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.