Hilton Grand Vacations (NYSE:HGV) Insider Charles Jr. Corbin Sells 20,691 Shares of Stock

Key Points

• Insider Charles Jr. Corbin sold 20,691 Hilton Grand Vacations shares at an average price of $46.90, generating approximately $970,408. The transaction reduced his holdings by 30.16% to 47,924 shares.
• HGV shares closed at $45.66, while the company’s latest quarterly results missed estimates: adjusted EPS was $0.89 versus $0.94 expected, and revenue reached $1.36 billion versus $1.38 billion forecast.
• Analysts maintain a consensus “Hold” rating with an average price target of $56.00; institutional investors collectively own 97.23% of the company.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) insider Charles Jr. Corbin sold 20,691 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the transaction, the insider owned 47,924 shares in the company, valued at $2,247,635.60. This trade represents a 30.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hilton Grand Vacations Price Performance

NYSE HGV traded down $0.78 on Friday, hitting $45.66. The company had a trading volume of 1,258,227 shares, compared to its average volume of 969,663. The company has a market capitalization of $3.55 billion, a PE ratio of 25.80, a PEG ratio of 0.46 and a beta of 1.53. The company's fifty day moving average price is $50.51 and its 200-day moving average price is $47.09. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20. Hilton Grand Vacations Inc. has a 12-month low of $36.79 and a 12-month high of $55.40.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts predict that Hilton Grand Vacations Inc. will post 4.63 earnings per share for the current year.

Institutional Trading of Hilton Grand Vacations

Several large investors have recently bought and sold shares of the business. Persistent Asset Partners Ltd purchased a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $63,000. Bard Associates Inc. purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 565 shares during the last quarter. Leonteq Securities AG increased its holdings 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 purchasing an additional 440 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Hilton Grand Vacations during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HGV. Mizuho lowered their price objective on Hilton Grand Vacations from $75.00 to $74.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Truist Financial increased their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a "buy" rating in a report on Monday, May 18th. Morgan Stanley raised their target price on Hilton Grand Vacations from $55.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, July 17th. The Goldman Sachs Group lowered their price target on Hilton Grand Vacations from $55.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Finally, Wells Fargo & Company dropped their price target on Hilton Grand Vacations from $49.00 to $47.00 and set an "equal weight" rating for the company in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $56.00.

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.

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