Hilton Grand Vacations (NYSE:HGV) Now Covered by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley initiated coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research report issued on Monday, Marketbeat reports. The firm set an “overweight” rating and a $47.00 price target on the stock. Morgan Stanley’s price target indicates a potential upside of 21.76% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Truist Financial reduced their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. JMP Securities dropped their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. Barclays reissued an “equal weight” rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Finally, The Goldman Sachs Group upped their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations currently has an average rating of “Hold” and a consensus target price of $44.00.

Hilton Grand Vacations Trading Up 1.4 %

Shares of HGV stock opened at $38.60 on Monday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 2.22 and a beta of 1.86. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02. The company has a 50-day simple moving average of $40.43 and a two-hundred day simple moving average of $39.10.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. Research analysts anticipate that Hilton Grand Vacations will post 3.43 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its position in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after buying an additional 917,397 shares in the last quarter. Long Pond Capital LP increased its holdings in shares of Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after acquiring an additional 823,228 shares in the last quarter. Millennium Management LLC raised its position in shares of Hilton Grand Vacations by 44.5% in the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock worth $91,752,000 after purchasing an additional 698,664 shares during the last quarter. Franklin Resources Inc. boosted its stake in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after purchasing an additional 499,067 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after buying an additional 188,997 shares in 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.