Banco Bilbao Vizcaya Argentaria S.A. Buys 7,131 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Hilton Grand Vacations Inc. by 80.6%, now holding shares worth $589,000.
• Hilton Grand Vacations received recent analyst attention with price target adjustments ranging from $39.00 to $76.00, resulting in an average rating of "Moderate Buy."
• Despite a revenue increase of 2.5% year-over-year, Hilton Grand Vacations reported lower-than-expected EPS of $0.54, missing estimates by $0.24.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 80.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,983 shares of the company's stock after purchasing an additional 7,131 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Hilton Grand Vacations were worth $589,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hilton Grand Vacations by 0.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock valued at $1,585,000 after buying an additional 303 shares in the last quarter. Covey Capital Advisors LLC lifted its stake in shares of Hilton Grand Vacations by 0.8% in the first quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company's stock valued at $1,668,000 after buying an additional 357 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Hilton Grand Vacations by 8.8% in the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock valued at $168,000 after buying an additional 364 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after buying an additional 497 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Hilton Grand Vacations by 106.8% in the first quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after buying an additional 550 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HGV shares. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on shares of Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Mizuho raised their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Truist Financial dropped their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $39.00 price target on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.29.

Hilton Grand Vacations Stock Down 0.8%

Shares of HGV traded down $0.37 during trading hours on Friday, reaching $47.37. 117,584 shares of the stock traded hands, compared to its average volume of 1,040,122. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The stock has a fifty day simple moving average of $45.62 and a 200 day simple moving average of $40.70. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $52.08. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 86.13, a PEG ratio of 4.02 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations declared that its board has authorized a share buyback plan on Wednesday, August 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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.