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

JPMorgan Chase & Co. assumed coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research note published on Monday morning, MarketBeat.com reports. The firm issued an overweight rating and a $59.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Barclays lifted their target price on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an overweight rating in a research note on Friday, March 1st. JMP Securities reiterated a market outperform rating and set a $55.00 target price on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Jefferies Financial Group raised Hilton Grand Vacations from a hold rating to a buy rating and lifted their price objective for the stock from $39.00 to $50.00 in a report on Tuesday, January 2nd. Truist Financial lifted their price objective on Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a buy rating in a report on Friday, March 15th. Finally, Mizuho began coverage on Hilton Grand Vacations in a report on Tuesday, March 26th. They issued a buy rating and a $63.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $57.50.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $43.69 on Monday. The stock has a market cap of $4.58 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.91 and a beta of 1.93. Hilton Grand Vacations has a 1-year low of $33.13 and a 1-year high of $49.02. 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 stock’s fifty day simple moving average is $45.19 and its two-hundred day simple moving average is $40.99.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. As a group, analysts forecast that Hilton Grand Vacations will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

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

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of the company. Apollo Management Holdings L.P. bought a new stake in Hilton Grand Vacations in the 1st quarter worth approximately $1,346,044,000. BlackRock Inc. lifted its position in Hilton Grand Vacations by 46.1% in the 1st quarter. BlackRock Inc. now owns 10,794,419 shares of the company’s stock worth $479,596,000 after buying an additional 3,408,398 shares during the last quarter. Alliancebernstein L.P. lifted its position in Hilton Grand Vacations by 8.4% in the 4th quarter. Alliancebernstein L.P. now owns 5,866,393 shares of the company’s stock worth $226,091,000 after buying an additional 455,826 shares during the last quarter. Parsifal Capital Management LP lifted its position in Hilton Grand Vacations by 6.0% in the 4th quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock worth $160,107,000 after buying an additional 225,893 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Hilton Grand Vacations by 6.9% in the 4th quarter. Franklin Resources Inc. now owns 3,037,372 shares of the company’s stock worth $122,042,000 after buying an additional 195,485 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.