Hilton Grand Vacations Inc. $HGV Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,472,796 shares of the company’s stock after buying an additional 25,020 shares during the period. Geode Capital Management LLC’s holdings in Hilton Grand Vacations were worth $65,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $1,681,000. ProShare Advisors LLC lifted its stake in shares of Hilton Grand Vacations by 8.2% during the fourth quarter. ProShare Advisors LLC now owns 13,524 shares of the company’s stock worth $605,000 after buying an additional 1,030 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Hilton Grand Vacations by 93,334.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,389 shares of the company’s stock worth $2,300,000 after buying an additional 51,334 shares during the period. Ethic Inc. lifted its stake in shares of Hilton Grand Vacations by 165.6% during the fourth quarter. Ethic Inc. now owns 12,907 shares of the company’s stock worth $578,000 after buying an additional 8,047 shares during the period. Finally, Highland Capital Management LLC acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $336,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the transaction, the insider owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the transaction, the insider directly owned 68,615 shares of the company’s stock, valued at $3,270,190.90. The trade was a 32.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 229,315 shares of company stock valued at $11,738,497. Corporate insiders own 3.10% of the company’s stock.

Hilton Grand Vacations Trading Down 2.5%

Shares of Hilton Grand Vacations stock opened at $48.51 on Tuesday. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. The firm has a fifty day moving average price of $46.40 and a 200 day moving average price of $45.14. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $53.82. The stock has a market cap of $3.85 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 0.44 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the company posted $0.09 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts predict that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on HGV. Mizuho reduced their target price on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Barclays raised their target price on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Jefferies Financial Group raised their target price on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. Wall Street Zen raised shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Finally, Morgan Stanley raised their target price on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.89.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.