Hilton Grand Vacations (NYSE:HGV) Now Covered by Analysts at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. initiated coverage on shares of Hilton Grand Vacations (NYSE:HGV - Get Free Report) in a research report issued on Monday, MarketBeat Ratings reports. The firm set an "overweight" rating and a $59.00 price target on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 35.04% from the stock's previous close.

Several other equities analysts have also recently weighed in on HGV. Barclays raised their price objective on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Truist Financial raised their price objective on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Mizuho assumed coverage on Hilton Grand Vacations in a research note on Tuesday, March 26th. They set a "buy" rating and a $63.00 price objective on the stock. JMP Securities restated a "market outperform" rating and set a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Finally, Jefferies Financial Group upgraded Hilton Grand Vacations from a "hold" rating to a "buy" rating and raised their price objective for the company from $39.00 to $50.00 in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations presently has an average rating of "Moderate Buy" and a consensus target price of $57.50.

Hilton Grand Vacations Stock Up 0.4 %

Shares of HGV traded up $0.16 during trading hours on Monday, reaching $43.69. The stock had a trading volume of 644,906 shares, compared to its average volume of 774,770. Hilton Grand Vacations has a 12 month low of $33.13 and a 12 month high of $49.02. The firm has a 50-day simple moving average of $45.14 and a 200 day simple moving average of $40.96. The company has a current ratio of 4.34, a quick ratio of 3.10 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 0.91 and a beta of 1.93.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the business earned $1.01 EPS. Hilton Grand Vacations's quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that Hilton Grand Vacations will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares of the company's stock, valued at approximately $6,396,712.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the transaction, the insider now owns 140,618 shares of the company's stock, valued at approximately $6,396,712.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jorge Pablo Brizi sold 28,000 shares of Hilton Grand Vacations stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $47.00, for a total value of $1,316,000.00. Following the transaction, the insider now directly owns 51,855 shares of the company's stock, valued at approximately $2,437,185. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,557 shares of company stock valued at $4,142,832. 2.30% of the stock is owned by insiders.

Institutional Trading of Hilton Grand Vacations

A number of large investors have recently modified their holdings of HGV. PNC Financial Services Group Inc. lifted its position in Hilton Grand Vacations by 327.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 547 shares of the company's stock worth $28,000 after buying an additional 419 shares during the last quarter. Signaturefd LLC lifted its position in Hilton Grand Vacations by 78.6% in the third quarter. Signaturefd LLC now owns 625 shares of the company's stock valued at $25,000 after purchasing an additional 275 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Hilton Grand Vacations in the first quarter valued at approximately $37,000. Itau Unibanco Holding S.A. bought a new stake in Hilton Grand Vacations in the third quarter valued at approximately $47,000. Finally, Covestor Ltd lifted its position in Hilton Grand Vacations by 642.2% in the first quarter. Covestor Ltd now owns 1,195 shares of the company's stock valued at $62,000 after purchasing an additional 1,034 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

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.