Morgan Stanley Issues Positive Forecast for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV) had its target price boosted by investment analysts at Morgan Stanley from $55.00 to $58.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 15.86% from the company’s previous close.

HGV has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Wall Street Zen raised shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Wells Fargo & Company reduced their target price on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Truist Financial increased their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group raised Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price target on the stock in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $57.22.

Hilton Grand Vacations Trading Down 2.6%

Shares of HGV traded down $1.35 during trading hours on Friday, reaching $50.06. The stock had a trading volume of 485,703 shares, compared to its average volume of 935,422. The company has a market cap of $3.97 billion, a P/E ratio of 26.76, a P/E/G ratio of 0.45 and a beta of 1.51. Hilton Grand Vacations has a 52 week low of $36.79 and a 52 week high of $55.40. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The firm has a 50-day moving average of $50.27 and a 200 day moving average of $46.87.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that Hilton Grand Vacations will post 5.11 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider owned 14,080 shares of the company’s stock, valued at approximately $657,395.20. The trade was a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider owned 68,615 shares in the company, 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. Insiders sold 229,315 shares of company stock worth $11,738,497 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Leonteq Securities AG raised its stake in shares of Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 buying an additional 565 shares in the last quarter. Bard Associates Inc. acquired a new position in Hilton Grand Vacations during the fourth quarter worth $29,000. GAMMA Investing LLC raised its position in Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after acquiring an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Hilton Grand Vacations in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.