HGV (Hilton Grand Vacations Inc.) may reap gains as insiders became active recently

CHWY Stock
CHWY Stock

Hilton Grand Vacations Inc.’s recent filing unveils that its insider Hernandez Carlos unloaded Company’s shares for reported $0.28 million on Jul 12. In the deal valued at $48.00 per share,5,915 shares were sold. As a result of this transaction, Hernandez Carlos now holds 11,412 shares worth roughly $ 0.51 million.

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Then, Wang Mark D sold 49,850 shares, generating $2,377,346 in total proceeds. Upon selling the shares at $47.69, the insider now owns 545,114 shares.

Before that, Brizi Jorge Pablo sold 20,000 shares. Hilton Grand Vacations Inc. shares valued at $954,800 were divested by the insider at a price of $47.74 per share. As a result of the transaction, Brizi Jorge Pablo now holds 30,453 shares, worth roughly $1.36 million.

BofA Securities initiated its Hilton Grand Vacations Inc. [HGV] rating to a Neutral in a research note published on Friday, April 17, 2023; the price target was $50. PT values the company’s stock at a premium of 10.66 to its Friday closing price.

Price Performance Review of HGV

On Friday, Hilton Grand Vacations Inc. [NYSE:HGV] saw its stock jump 2.17% to $44.67. On the same session, the stock had its day’s lowest price of $43.96, but rose to a high of $44.95. Over the last five days, the stock has gained 4.25%. Hilton Grand Vacations Inc. shares have risen nearly 15.91% since the year began. Nevertheless, the stocks have risen 9.54% over the past one year. While a 52-week high of $51.81 was reached on 03/06/23, a 52-week low of $32.12 was recorded on 01/03/23. SMA at 50 days reached $45.29, while 200 days put it at $44.47. A total of 0.45 million shares were traded, compared to the trading of 0.6 million shares in the previous session.

Levels Of Support And Resistance For HGV Stock

The 24-hour chart illustrates a support level at 44.10, which if violated will result in even more drops to 43.54. On the upside, there is a resistance level at 45.09. A further resistance level may holdings at 45.52. The Relative Strength Index (RSI) on the 14-day chart is 51.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.03%. Stochastics %K at 56.90% indicates the stock is a holding.

How much short interest is there in Hilton Grand Vacations Inc.?

A steep rise in short interest was recorded in Hilton Grand Vacations Inc. stocks on Aug 14, 2023, dropping by -0.13 million shares to a total of 4.49 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.62 million shares. There was a decline of -2.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.02.

Hilton Grand Vacations Inc. [HGV] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 8,458,865 shares, or roughly 7.59% of the outstanding HGV shares. In other words, the investor’s shares have fallen by -503,487 from its previous 13-F filing of 8962352.0. Additionally, The Vanguard Group, Inc. decreased -9.39% of its stake after which the total value it holdings stand at $350,374,385, while CAS Investment Partners LLC reduced -1.46% of its stake to hold $314.75 million in the firm. At present, AllianceBernstein LP is holding 5,485,931 shares valued at $255.1 million. Parsifal Capital Management LP owned 5,310,200 shares of the company at the time of its most recent 13F filing, worth $246.92 million.

According to FactSet, Hilton Grand Vacations Inc.’s share price will average $57.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.08 percent from its previous closing price of $43.72. Analysts expect Hilton Grand Vacations Inc. stock to reach the higher price of $75.00, while the lowest price estimate is $49.00. However, 4 analysts have rated HGV stock as an Overweight in their predictions for 2023.


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