Geode Capital Management LLC Has $58.54 Million Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Geode Capital Management LLC trimmed its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,611,420 shares of the company’s stock after selling 33,918 shares during the quarter. Geode Capital Management LLC owned about 1.64% of Hilton Grand Vacations worth $58,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Reston Wealth Management LLC acquired a new position in Hilton Grand Vacations during the 3rd quarter worth $25,000. nVerses Capital LLC bought a new position in shares of Hilton Grand Vacations in the second quarter worth about $32,000. Blue Trust Inc. boosted its stake in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations during the 2nd quarter valued at approximately $93,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $120,000. 97.23% of the stock is owned by institutional investors.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays reissued an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Mizuho decreased their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group increased their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Finally, Truist Financial lowered their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.57.

Hilton Grand Vacations Price Performance

NYSE HGV opened at $39.30 on Friday. The business has a 50 day simple moving average of $40.09 and a 200 day simple moving average of $39.22. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.25 and a beta of 1.85.

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

Hilton Grand Vacations 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.