BNP Paribas Financial Markets Purchases 27,313 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

BNP Paribas Financial Markets raised its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 92.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,781 shares of the company's stock after buying an additional 27,313 shares during the period. BNP Paribas Financial Markets owned 0.06% of Hilton Grand Vacations worth $2,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after acquiring an additional 917,397 shares during the last quarter. Millennium Management LLC raised its position in Hilton Grand Vacations by 44.5% in the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock valued at $91,752,000 after purchasing an additional 698,664 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Hilton Grand Vacations by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company's stock worth $78,961,000 after purchasing an additional 162,459 shares in the last quarter. Long Pond Capital LP grew its holdings in shares of Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company's stock worth $48,553,000 after purchasing an additional 823,228 shares during the last quarter. Finally, Iridian Asset Management LLC CT increased its stake in shares of Hilton Grand Vacations by 8.4% in the third quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company's stock valued at $11,320,000 after buying an additional 24,053 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HGV. Barclays upped their price target on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a "buy" rating to a "hold" rating and decreased their price target for the company from $55.00 to $35.00 in a research note on Friday, August 9th. Mizuho dropped their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Hilton Grand Vacations presently has an average rating of "Hold" and a consensus price target of $43.86.

Hilton Grand Vacations Trading Down 0.2 %

Shares of NYSE:HGV traded down $0.10 during midday trading on Friday, hitting $41.84. The company had a trading volume of 554,525 shares, compared to its average volume of 983,732. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 2.31 and a beta of 1.85. The firm has a fifty day simple moving average of $39.24 and a 200 day simple moving average of $39.31. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.98 EPS. The company's revenue was up 28.3% compared to the same quarter last year. On average, analysts predict that Hilton Grand Vacations Inc. will post 3.43 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the sale, the insider now directly owns 26,295,825 shares of the company's stock, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the transaction, the insider now owns 88,532 shares in the company, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

Hilton Grand Vacations 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.