Hilton Grand Vacations (NYSE:HGV) Shares Gap Down - Here's What Happened

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $40.56, but opened at $39.72. Hilton Grand Vacations shares last traded at $40.25, with a volume of 89,328 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Mizuho dropped their price objective on 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 reissued an "equal weight" rating and set a $41.00 target price (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday. The Goldman Sachs Group raised their price target on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a research note on Tuesday. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Truist Financial dropped their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $44.29.

Hilton Grand Vacations Stock Down 0.6 %

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 firm has a market cap of $3.97 billion, a PE ratio of 45.81, a P/E/G ratio of 2.25 and a beta of 1.85. The business's 50-day simple moving average is $39.72 and its 200 day simple moving average is $39.27.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business's quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, equities research 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 news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now owns 26,295,825 shares of the company's stock, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now directly owns 88,532 shares of the company's stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HGV. Franklin Resources Inc. lifted its stake in shares of Hilton Grand Vacations by 17.8% during the third 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 during the period. FMR LLC raised its stake in shares of Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after buying an additional 917,397 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Hilton Grand Vacations by 44.5% in the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock valued at $91,752,000 after buying an additional 698,664 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hilton Grand Vacations by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company's stock valued at $78,961,000 after acquiring an additional 162,459 shares during the period. Finally, Long Pond Capital LP lifted its stake in shares of Hilton Grand Vacations by 218.0% in the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company's stock valued at $48,553,000 after purchasing an additional 823,228 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

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.