Deutsche Bank AG Increases Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Deutsche Bank AG boosted its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,410 shares of the company's stock after acquiring an additional 20,398 shares during the period. Deutsche Bank AG owned about 0.14% of Hilton Grand Vacations worth $5,430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HGV. Covestor Ltd lifted its position in Hilton Grand Vacations by 432.4% in the fourth quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $50,000 after acquiring an additional 1,042 shares during the last quarter. KBC Group NV lifted its position in Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after acquiring an additional 889 shares during the last quarter. Aigen Investment Management LP acquired a new position in Hilton Grand Vacations in the fourth quarter valued at $200,000. Crossmark Global Holdings Inc. acquired a new position in Hilton Grand Vacations in the fourth quarter valued at $204,000. Finally, FourThought Financial Partners LLC acquired a new position in Hilton Grand Vacations in the fourth quarter valued at $232,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock traded down $0.13 on Thursday, reaching $38.61. 869,611 shares of the stock were exchanged, compared to its average volume of 903,595. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $44.99. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The business has a fifty day moving average price of $36.60 and a two-hundred day moving average price of $39.20. The firm has a market capitalization of $3.54 billion, a PE ratio of 43.87, a PEG ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the transaction, the insider now directly owns 60,270 shares in the company, valued at approximately $2,337,270.60. This represents a 45.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a research note on Friday, May 2nd. JMP Securities restated 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. Wall Street Zen upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Mizuho lifted their price objective on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Truist Financial lifted their price objective on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average price target of $46.00.

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.