Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 10.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,028 shares of the company's stock after selling 51,418 shares during the period. JPMorgan Chase & Co. owned 0.45% of Hilton Grand Vacations worth $16,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in HGV. Franklin Resources Inc. lifted its stake in 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 purchasing an additional 499,067 shares during the last quarter. FMR LLC lifted its position 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 worth $118,817,000 after buying an additional 917,397 shares during the last quarter. Millennium Management LLC boosted 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hilton Grand Vacations by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company's stock valued at $78,961,000 after buying an additional 162,459 shares during the last quarter. Finally, Long Pond Capital LP raised its stake in 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 worth $48,553,000 after acquiring an additional 823,228 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock traded down $0.35 during trading hours on Friday, hitting $37.99. 1,139,329 shares of the company were exchanged, compared to its average volume of 1,109,638. 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 business has a 50-day moving average of $40.49 and a 200-day moving average of $39.05. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $49.02. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 43.17, a P/E/G ratio of 2.22 and a beta of 1.86.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm's quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, analysts expect that Hilton Grand Vacations Inc. will post 3.43 EPS for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company's stock in a transaction on 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 of the company's stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 88,532 shares of the company's stock, valued at $3,678,504.60. This represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

HGV has been the subject of several research analyst reports. Barclays restated an "equal weight" rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Morgan Stanley began coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an "overweight" rating and a $47.00 target price for the company. JMP Securities cut their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a research report on Wednesday, December 18th. Mizuho reduced their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Finally, Truist Financial lowered 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 report on Tuesday, November 26th. One equities research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $44.00.

Hilton Grand Vacations Profile

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.