Wells Fargo & Company MN lifted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,522 shares of the company's stock after buying an additional 9,999 shares during the period. Wells Fargo & Company MN's holdings in Hilton Grand Vacations were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of HGV. Norges Bank purchased a new position in shares of Hilton Grand Vacations in the fourth quarter worth about $33,047,000. Franklin Resources Inc. raised 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 period. Barclays PLC raised its stake in Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after purchasing an additional 188,997 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Hilton Grand Vacations during the fourth quarter worth about $6,428,000. Finally, Pamalican Asset Management Ltd purchased a new position in Hilton Grand Vacations during the fourth quarter worth about $5,842,000. 97.23% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
HGV has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Morgan Stanley reduced their target price on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Mizuho boosted their price target on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group reduced their price target on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $44.63.
View Our Latest Analysis on Hilton Grand Vacations
Hilton Grand Vacations Price Performance
Shares of HGV opened at $34.46 on Monday. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $45.00. The firm's 50 day moving average price is $36.95 and its 200 day moving average price is $39.05. The company has a market cap of $3.26 billion, a P/E ratio of 39.16, a PEG ratio of 2.20 and a beta of 1.68. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. On average, research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.
About Hilton Grand Vacations
(
Free Report)
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.
Further Reading
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