Okabena Investment Services Inc. Decreases Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Okabena Investment Services Inc. decreased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,194 shares of the company's stock after selling 7,675 shares during the quarter. Okabena Investment Services Inc.'s holdings in Hilton Grand Vacations were worth $826,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. increased its position in shares of Hilton Grand Vacations by 16.9% during the 3rd quarter. Victory Capital Management Inc. now owns 17,140 shares of the company's stock valued at $623,000 after purchasing an additional 2,477 shares during the last quarter. Cerity Partners LLC increased its position in Hilton Grand Vacations by 156.1% during the third quarter. Cerity Partners LLC now owns 22,980 shares of the company's stock valued at $835,000 after acquiring an additional 14,007 shares during the last quarter. FMR LLC increased its position in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after acquiring an additional 917,397 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Hilton Grand Vacations in the third quarter valued at $484,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Hilton Grand Vacations by 92.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 56,781 shares of the company's stock worth $2,062,000 after acquiring an additional 27,313 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on HGV. The Goldman Sachs Group increased their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, March 4th. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial boosted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. JMP Securities cut their price objective 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. Finally, Morgan Stanley began coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They set an "overweight" rating and a $47.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $47.25.

Hilton Grand Vacations Stock Up 2.5 %

Shares of HGV traded up $0.90 during midday trading on Wednesday, reaching $37.61. 385,721 shares of the stock were exchanged, compared to its average volume of 937,488. 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 company's 50 day moving average is $40.10 and its two-hundred day moving average is $39.45. The company has a market capitalization of $3.56 billion, a P/E ratio of 42.74, a PEG ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $46.89.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. On average, sell-side analysts anticipate 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.