Fmr LLC Has $118.82 Million Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

FMR LLC grew its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 39.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,271,387 shares of the company's stock after buying an additional 917,397 shares during the quarter. FMR LLC owned approximately 3.32% of Hilton Grand Vacations worth $118,817,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Reston Wealth Management LLC acquired a new stake in Hilton Grand Vacations in the 3rd quarter valued at about $25,000. nVerses Capital LLC bought a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $32,000. Blue Trust Inc. lifted its holdings in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock worth $36,000 after buying an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Hilton Grand Vacations in the 2nd quarter valued at $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at $120,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Down 0.1 %

Shares of Hilton Grand Vacations stock traded down $0.05 during trading on Thursday, reaching $41.94. The stock had a trading volume of 838,475 shares, compared to its average volume of 792,678. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $49.02. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The stock has a fifty day moving average price of $39.16 and a two-hundred day moving average price of $39.31. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 47.66, a P/E/G ratio of 2.27 and a beta of 1.85.

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

Insider Activity at Hilton Grand Vacations

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

Analyst Ratings Changes

Several research firms recently issued reports on HGV. Truist Financial decreased their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a "sell" rating and a $31.00 price target for the company. Mizuho lowered their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Barclays increased their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. cut Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $43.86.

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.