Hilton Grand Vacations Inc. (NYSE:HGV) Major Shareholder Sells $168,400,000.00 in Stock

Hilton Grand Vacations Inc. (NYSE:HGV) 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 shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $42.40 on Friday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a twelve month low of $33.21 and a twelve month high of $49.02. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 48.18, a P/E/G ratio of 2.27 and a beta of 1.82. The company’s fifty day moving average is $38.84 and its 200 day moving average is $39.33.

Hilton Grand Vacations (NYSE:HGV) last issued 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 the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. Sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on HGV shares. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Mizuho lowered their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Truist Financial decreased their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday. The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price on the stock. Finally, JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.86.

Institutional Trading of Hilton Grand Vacations

Several institutional investors have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of Hilton Grand Vacations by 17.8% in the third 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 during the last quarter. FMR LLC boosted its position in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after acquiring an additional 917,397 shares during the last quarter. Millennium Management LLC boosted its position in Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after acquiring an additional 698,664 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hilton Grand Vacations by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock valued at $78,961,000 after acquiring an additional 162,459 shares during the last quarter. Finally, Long Pond Capital LP boosted its position in 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 during the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.