Hilton Grand Vacations (NYSE:HGV) Coverage Initiated at Morgan Stanley

Investment analysts at Morgan Stanley assumed coverage on shares of Hilton Grand Vacations (NYSE:HGV - Get Free Report) in a report released on Monday, MarketBeat reports. The brokerage set an "overweight" rating and a $47.00 price target on the stock. Morgan Stanley's price objective points to a potential upside of 23.65% from the stock's previous close.

HGV has been the subject of several other research reports. 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 reaffirmed an "equal weight" rating and set a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. JMP Securities reduced 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, December 18th. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $44.00.

Hilton Grand Vacations Stock Up 1.0 %

Hilton Grand Vacations stock traded up $0.36 during midday trading on Monday, reaching $38.01. The company's stock had a trading volume of 1,626,351 shares, compared to its average volume of 1,253,250. The company has a market cap of $3.74 billion, a P/E ratio of 43.19, a P/E/G ratio of 2.22 and a beta of 1.86. 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 business has a 50-day simple moving average of $40.43 and a 200-day simple moving average of $39.10. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its 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). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Hilton Grand Vacations's revenue was up 28.3% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, research analysts expect that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business'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 directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction dated 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 transaction, the insider now directly 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. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of Hilton Grand Vacations

Institutional investors have recently modified their holdings of the business. FMR LLC boosted its holdings in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock worth $118,817,000 after buying an additional 917,397 shares in the last quarter. Long Pond Capital LP lifted its position in shares of Hilton Grand Vacations by 218.0% during the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company's stock valued at $48,553,000 after acquiring an additional 823,228 shares during the period. Millennium Management LLC boosted its stake in shares of Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock worth $91,752,000 after acquiring an additional 698,664 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of 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 acquiring an additional 499,067 shares during the period. Finally, Barclays PLC increased its stake in Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after purchasing an additional 188,997 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.