Geode Capital Management LLC Sells 55,083 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Geode Capital Management LLC decreased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,556,337 shares of the company's stock after selling 55,083 shares during the quarter. Geode Capital Management LLC owned about 1.58% of Hilton Grand Vacations worth $60,633,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Hilton Grand Vacations during the 4th quarter valued at about $33,047,000. Franklin Resources Inc. lifted its holdings in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock worth $117,402,000 after buying an additional 499,067 shares in the last quarter. Barclays PLC grew its stake in shares of Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after acquiring an additional 188,997 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Hilton Grand Vacations during the fourth quarter worth about $6,428,000. Finally, PB Investment Partners L.P. lifted its stake in shares of Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock worth $22,257,000 after acquiring an additional 31,939 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HGV has been the subject of several research analyst reports. Morgan Stanley started coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an "overweight" rating and a $47.00 target price for the company. Truist Financial raised their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, March 7th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Mizuho increased their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group reduced their price objective on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of "Hold" and an average price target of $45.75.

Hilton Grand Vacations Stock Up 0.9 %

Shares of HGV traded up $0.30 during mid-day trading on Friday, hitting $33.16. 1,049,665 shares of the company's stock were exchanged, compared to its average volume of 873,114. Hilton Grand Vacations Inc. has a twelve month low of $30.59 and a twelve month high of $45.48. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 2.20 and a beta of 1.68. The firm has a fifty day moving average of $37.99 and a two-hundred day moving average of $39.09. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.01% and a return on equity of 16.44%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current 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.