Fmr LLC Sells 53,368 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

FMR LLC reduced its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,218,019 shares of the company's stock after selling 53,368 shares during the quarter. FMR LLC owned approximately 3.27% of Hilton Grand Vacations worth $125,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HGV. Franklin Resources Inc. increased its holdings in Hilton Grand Vacations by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock valued at $143,031,000 after purchasing an additional 373,442 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Hilton Grand Vacations by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock worth $34,746,000 after acquiring an additional 30,019 shares during the period. Norges Bank bought a new stake in Hilton Grand Vacations in the fourth quarter valued at $33,047,000. PB Investment Partners L.P. increased its position in Hilton Grand Vacations by 5.9% during the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock valued at $22,257,000 after purchasing an additional 31,939 shares during the period. Finally, Barclays PLC lifted its position in shares of Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after purchasing an additional 188,997 shares during the period. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Up 0.9 %

Shares of NYSE:HGV traded up $0.30 during trading on Friday, reaching $33.16. 1,049,665 shares of the stock traded hands, compared to its average volume of 874,013. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $45.48. The stock has a market cap of $3.14 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. The stock has a 50-day moving average of $37.83 and a two-hundred day moving average of $39.07. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.28 billion. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on HGV. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an "overweight" rating and a $47.00 price objective for the company. Mizuho raised their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. The Goldman Sachs Group reduced their price target on Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Barclays upped their target price on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.75.

About Hilton Grand Vacations

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.