Viking (NYSE:VIK) EVP Sells $15,052.53 in Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 159 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $94.67, for a total value of $15,052.53. Following the transaction, the executive vice president owned 110,771 shares in the company, valued at $10,486,690.57. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Richard Marnell also recently made the following trade(s):

• On Monday, June 15th, Richard Marnell sold 6,120 shares of Viking stock. The stock was sold at an average price of $94.30, for a total value of $577,116.00.
• On Friday, June 12th, Richard Marnell sold 11,287 shares of Viking stock. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95.

Viking Trading Down 0.6%

NYSE:VIK traded down $0.54 during trading hours on Tuesday, reaching $94.29. 3,282,420 shares of the stock were exchanged, compared to its average volume of 3,076,351. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The business has a 50-day moving average of $84.50 and a two-hundred day moving average of $76.55. Viking Holdings Ltd. has a twelve month low of $47.02 and a twelve month high of $96.54. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.37 and a beta of 1.59.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) earnings per share. On average, equities analysts predict that Viking Holdings Ltd. will post 3.28 EPS for the current year.

Institutional Investors Weigh In On Viking

A number of hedge funds and other institutional investors have recently modified their holdings of VIK. NewEdge Advisors LLC lifted its position in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after acquiring an additional 690 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Viking during the 2nd quarter valued at approximately $303,000. Daiwa Securities Group Inc. acquired a new position in shares of Viking during the 2nd quarter worth approximately $922,000. State Street Corp raised its position in shares of Viking by 34,748.5% during the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC raised its position in shares of Viking by 275.0% during the 2nd quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after purchasing an additional 22,188 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VIK shares. Loop Capital started coverage on Viking in a research note on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective on the stock. Weiss Ratings cut Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the company a “buy” rating in a research note on Tuesday, April 14th. Wells Fargo & Company upgraded Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $79.00 to $109.00 in a research note on Monday, May 18th. Finally, Citigroup reaffirmed a “buy” rating on shares of Viking in a report on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.