Hilton Grand Vacations (NYSE:HGV) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Hilton Grand Vacations (NYSE:HGV) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

HGV has been the topic of a number of other research reports. Morgan Stanley lifted their price target on shares of Hilton Grand Vacations from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday. Truist Financial increased their price objective on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Wells Fargo & Company decreased their target price on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, The Goldman Sachs Group raised shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a research note on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.22.

Hilton Grand Vacations Stock Down 2.8%

NYSE HGV opened at $49.95 on Friday. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The firm has a 50-day simple moving average of $50.29 and a 200 day simple moving average of $46.89. Hilton Grand Vacations has a twelve month low of $36.79 and a twelve month high of $55.40. The stock has a market cap of $3.96 billion, a PE ratio of 26.71, a PEG ratio of 0.44 and a beta of 1.51.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts forecast that Hilton Grand Vacations will post 5.11 EPS for the current year.

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 stock was sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the transaction, the insider directly owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carlos Hernandez sold 5,595 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total transaction of $261,230.55. Following the completion of the sale, the insider owned 14,080 shares in the company, valued at $657,395.20. This represents a 28.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 229,315 shares of company stock worth $11,738,497 over the last three months. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors have recently added to or reduced their stakes in the company. Bard Associates Inc. bought a new stake in Hilton Grand Vacations during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC raised its stake in shares of Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after acquiring an additional 565 shares during the last quarter. Leonteq Securities AG raised its stake in shares of Hilton Grand Vacations by 189.7% in the first 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 last quarter. GAMMA Investing LLC raised its stake in shares of Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after acquiring an additional 349 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $44,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Company 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.