Hilton Grand Vacations (NYSE:HGV) Stock: Insider Mark Wang Purchases 12,200 Shares

Hilton Grand Vacations Inc. (NYSE:HGV) insider Mark Wang bought 12,200 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average cost of $40.92 per share, for a total transaction of $499,224.00. Following the transaction, the insider directly owned 916,715 shares of the company’s stock, valued at $37,511,977.80. This trade represents a 1.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $43.68 on Friday. The firm’s 50-day moving average is $37.54 and its 200-day moving average is $44.51. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 0.31 and a beta of 1.60. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.35 and a current ratio of 5.15. Hilton Grand Vacations Inc. has a 52-week low of $33.99 and a 52-week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $2.95. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.39 billion. Hilton Grand Vacations had a return on equity of 39.73% and a net margin of 7.02%. The firm’s revenue for the quarter was up 50.8% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 6.38 earnings per share for the current year.

Hilton Grand Vacations announced that its Board of Directors has authorized a stock repurchase plan on Thursday, August 20th that allows the company to buy back $600 million in shares. This buyback authorization allows the company to reacquire up to 17% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors have recently bought and sold shares of the business. Leonteq Securities AG raised its position in shares of Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the period. Nykredit A S acquired a new position in Hilton Grand Vacations during the second quarter valued at approximately $38,000. Allworth Financial LP acquired a new position in Hilton Grand Vacations during the second quarter valued at approximately $43,000. Covestor Ltd grew its holdings in Hilton Grand Vacations by 17.3% during the third quarter. Covestor Ltd now owns 1,800 shares of the company’s stock valued at $62,000 after purchasing an additional 265 shares during the period. Finally, Persistent Asset Partners Ltd bought a new stake in Hilton Grand Vacations in the second quarter valued at approximately $63,000. Institutional investors own 97.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on HGV shares. Wall Street Zen lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research upgraded Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. Wells Fargo & Company cut their price objective on Hilton Grand Vacations from $51.00 to $38.00 and set a “cautious” rating for the company in a report on Monday, October 19th. Finally, Mizuho reduced their target price on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus target price of $49.10.

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.

The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.