In a recent transaction, a high-ranking executive at Hilton Grand Vacations Inc . (NYSE:HGV) has sold a significant number of shares in the company. The Executive Vice President and Chief Human Resources Officer & Corporate Affairs, Jorge Pablo Brizi, offloaded shares worth over $1.3 million.
According to the latest filings, the executive sold a total of 27,000 shares at prices ranging from $46.95 to $47.59. The sales were carried out on March 28, 2024, and have been reported in a regulatory filing with the Securities and Exchange Commission. The shares were sold in two separate transactions, with 25,946 shares sold at an average price of $46.95 and an additional 2,054 shares sold at an average price of $47.59. The exact prices of the shares sold ranged from $46.44 to $47.66, as detailed in the footnotes of the filing.
After the transactions, Brizi still retains a substantial stake in the company, owning 53,909 shares directly. The sales represent a notable change in Brizi's holdings but still leave him with a significant investment in Hilton Grand Vacations Inc.
Hilton Grand Vacations Inc. is known for its timeshare properties and has a presence in key vacation destinations. The company's stock performance and executive transactions are closely watched by investors, as they can provide insights into the company's internal expectations and financial health.
Investors and market watchers often pay close attention to insider selling as it may indicate an executive's belief about the company's future prospects. However, it's important to note that there can be many reasons for an executive to sell shares, including personal financial planning, diversification, and others not necessarily related to the company's performance.
The transaction was signed off by Charles R. Corbin, as Attorney-in-Fact, and was made public on April 1, 2024.
InvestingPro Insights
Amid the news of a high-ranking executive's sale of Hilton Grand Vacations Inc. (NYSE:HGV) shares, the company's stock performance and financial metrics remain a key focus for investors. With an adjusted market capitalization of $4.89 billion, Hilton Grand Vacations showcases a Price-to-Earnings (P/E) ratio of 16.45, which adjusts to a lower 12.62 for the last twelve months as of Q4 2023. This suggests a more favorable earnings perspective relative to the company's share price.
The company has experienced a modest revenue growth of 1.53% over the last twelve months leading up to Q4 2023, with its gross profit margin standing at 30.37%. These figures are indicative of the company's ability to maintain profitability and efficiency in its operations.
Investors may also find the "InvestingPro Tips" particularly insightful. Hilton Grand Vacations has been recognized for its strong return over the last three months, with a 17.5% price total return, signaling a robust short-term performance. Additionally, analysts have been optimistic about the company's future, with 3 analysts revising their earnings upwards for the upcoming period and predicting that the company will be profitable this year. For those looking to delve deeper into the financial prospects of HGV, there are 9 additional "InvestingPro Tips" available, which can be accessed through the company's specific page at InvestingPro.
While executive share sales often draw attention, it is essential to consider the broader financial context provided by these metrics. For those interested in gaining further insights and tips on Hilton Grand Vacations, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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