Hilton Grand Vacations (NYSE:HGV) Shares Gap Up - Still a Buy?

Shares of Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $40.51, but opened at $43.83. Hilton Grand Vacations shares last traded at $42.98, with a volume of 224,987 shares trading hands.

Analysts Set New Price Targets

HGV has been the topic of a number of research analyst reports. Barclays increased their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a report on Friday. JMP Securities dropped their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a research report on Tuesday, December 10th. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They set an "overweight" rating and a $47.00 price objective for the company. Finally, Truist Financial reduced their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company 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 four have given a buy rating to the company's stock. According to data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average price target of $45.13.

Hilton Grand Vacations Trading Down 1.0 %

The firm has a market capitalization of $4.18 billion, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 2.20 and a beta of 1.85. The stock's 50-day simple moving average is $40.65 and its two-hundred day simple moving average is $39.37. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.40). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently made changes to their positions in HGV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Hilton Grand Vacations by 23.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,665 shares of the company's stock worth $6,881,000 after acquiring an additional 33,931 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Hilton Grand Vacations during the 4th quarter worth about $814,000. Wolverine Trading LLC bought a new position in Hilton Grand Vacations during the 4th quarter worth about $385,000. Squarepoint Ops LLC grew its holdings in Hilton Grand Vacations by 62.6% during the 4th quarter. Squarepoint Ops LLC now owns 493,474 shares of the company's stock worth $19,221,000 after acquiring an additional 189,934 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at about $768,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

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.