JMP Securities Cuts Hilton Grand Vacations (NYSE:HGV) Price Target to $50.00

Hilton Grand Vacations (NYSE:HGV) had its price objective reduced by JMP Securities from $55.00 to $50.00 in a report released on Wednesday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other research analysts have also recently weighed in on the stock. Truist Financial decreased their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Mizuho dropped their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, Barclays restated an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and a consensus price target of $43.57.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $39.30 on Wednesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The company has a market capitalization of $3.87 billion, a PE ratio of 44.66, a PEG ratio of 2.25 and a beta of 1.85. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $49.02. The business has a fifty day moving average price of $40.09 and a 200-day moving average price of $39.23.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. As a group, equities analysts expect that Hilton Grand Vacations will post 3.43 EPS for the current fiscal year.

Insider Transactions at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors and hedge funds have recently bought and sold shares of HGV. FMR LLC boosted its position in shares of Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after acquiring an additional 917,397 shares during the last quarter. Long Pond Capital LP raised its stake in Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after purchasing an additional 823,228 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Hilton Grand Vacations by 44.5% in the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after acquiring an additional 698,664 shares during the last quarter. Franklin Resources Inc. increased 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 acquiring an additional 499,067 shares during the last quarter. Finally, Barclays PLC raised its position in Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares during the period. 97.23% of the stock is currently owned by institutional investors.

About Hilton Grand Vacations

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.