Hilton Grand Vacations (NYSE:HGV) Upgraded to Buy at StockNews.com

Posted by on Apr 11th, 2023

Hilton Grand Vacations (NYSE:HGV – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other analysts have also recently weighed in on HGV. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price objective for the company from $68.00 to $52.00 in a research report on Friday, February 3rd. Barclays boosted their price objective on shares of Hilton Grand Vacations from $50.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, March 2nd. Truist Financial lifted their target price on shares of Hilton Grand Vacations from $62.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Finally, Credit Suisse Group upped their target price on shares of Hilton Grand Vacations from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, March 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $43.90 on Tuesday. Hilton Grand Vacations has a 52-week low of $32.12 and a 52-week high of $52.69. The stock has a market cap of $4.93 billion, a PE ratio of 14.98 and a beta of 2.03. The firm has a 50-day moving average of $45.72 and a 200-day moving average of $42.09. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.45 and a current ratio of 3.45.

Hilton Grand Vacations (NYSE:HGV – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.24. Hilton Grand Vacations had a net margin of 9.18% and a return on equity of 18.56%. The business had revenue of $992.00 million during the quarter, compared to analysts’ expectations of $975.45 million. During the same period in the prior year, the company earned $0.76 EPS. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Hilton Grand Vacations will post 4.3 EPS for the current year.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 49,850 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $47.69, for a total value of $2,377,346.50. Following the completion of the transaction, the insider now directly owns 545,114 shares in the company, valued at $25,996,486.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Trading of Hilton Grand Vacations

Several institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its stake in Hilton Grand Vacations by 327.3% during the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after buying an additional 419 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Hilton Grand Vacations in the first quarter valued at approximately $37,000. Hollencrest Capital Management acquired a new stake in shares of Hilton Grand Vacations in the 4th quarter worth $47,000. Covestor Ltd boosted its holdings 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. Finally, Dark Forest Capital Management LP increased its stake in shares of Hilton Grand Vacations by 142.1% in the 4th quarter. Dark Forest Capital Management LP now owns 1,833 shares of the company’s stock valued at $71,000 after purchasing an additional 1,076 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

About Hilton Grand Vacations

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Hilton Grand Vacations, Inc engages in the marketing and sale of vacation ownership interval and management of resorts in urban destinations. It operates through the Real Estate Sales and Financing, and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment refers to the sale of vacation ownership intervals on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees, and financing solutions.

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