Geode Capital Management LLC Trims Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Geode Capital Management LLC trimmed its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,611,420 shares of the company's stock after selling 33,918 shares during the period. Geode Capital Management LLC owned about 1.64% of Hilton Grand Vacations worth $58,537,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HGV. FMR LLC increased its stake in Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock worth $118,817,000 after purchasing an additional 917,397 shares during the period. Long Pond Capital LP grew its holdings in shares of Hilton Grand Vacations by 218.0% in 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. Millennium Management LLC increased its stake in shares of Hilton Grand Vacations by 44.5% in the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock worth $91,752,000 after buying an additional 698,664 shares during the period. Barclays PLC raised its holdings in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after buying an additional 188,997 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Hilton Grand Vacations by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company's stock valued at $78,961,000 after buying an additional 162,459 shares during the period. Institutional investors own 97.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Barclays reaffirmed an "equal weight" rating and set a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Mizuho cut their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 12th. JMP Securities decreased their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a "sell" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $43.57.

Hilton Grand Vacations Stock Up 1.7 %

HGV traded up $0.65 during trading on Friday, reaching $39.30. The stock had a trading volume of 2,539,909 shares, compared to its average volume of 800,332. 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 company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 44.66, a P/E/G ratio of 2.25 and a beta of 1.85. The stock's 50 day moving average is $40.09 and its two-hundred day moving average is $39.20. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly 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). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm's revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, analysts expect that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current year.

Insider Transactions at Hilton Grand Vacations

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

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.