Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) Target Price at $44.71

Shares of Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $44.71.

Several brokerages have issued reports on HGV. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Mizuho reduced their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Barclays upped their target price on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. The Goldman Sachs Group boosted their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a "sell" rating in a report on Tuesday. Finally, Truist Financial decreased their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th.

Insider Buying and Selling at Hilton Grand Vacations

In related 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 stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares of the company's stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly owns 88,532 shares of the company's stock, 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. Insiders own 2.30% of the company's stock.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new stake in Hilton Grand Vacations in the third quarter valued at $25,000. nVerses Capital LLC purchased a new position in Hilton Grand Vacations during the second quarter valued at approximately $32,000. Blue Trust Inc. lifted its holdings in Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after acquiring an additional 588 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at approximately $120,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock traded up $0.11 during trading hours on Wednesday, reaching $41.14. 160,998 shares of the stock traded hands, compared to its average volume of 787,559. Hilton Grand Vacations has a one year low of $33.21 and a one year high of $49.02. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 46.64, a P/E/G ratio of 2.30 and a beta of 1.85. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The company has a 50 day moving average price of $39.44 and a 200 day moving average price of $39.28.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The firm's revenue was up 28.3% on a year-over-year basis. On average, equities research analysts expect that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

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.