ING Groep NV Sells 76,500 Shares of Viking Holdings Ltd. $VIK

ING Groep NV decreased its holdings in Viking Holdings Ltd. (NYSE:VIK) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 307,900 shares of the company’s stock after selling 76,500 shares during the period. ING Groep NV’s holdings in Viking were worth $21,987,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 365 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Viking in the third quarter worth about $26,000. Finally, GAMMA Investing LLC lifted its stake in Viking by 158.3% in the fourth quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $39,000 after purchasing an additional 334 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on VIK shares. Loop Capital started coverage on shares of Viking in a research note on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective for the company. UBS Group reissued a “buy” rating and issued a $100.00 price objective on shares of Viking in a research note on Wednesday, May 27th. Mizuho raised their price objective on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Morgan Stanley reissued an “equal weight” rating and issued a $86.00 price objective (up from $81.00) on shares of Viking in a research note on Friday, May 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Thirteen equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.38.

Insider Activity at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Viking Stock Performance

Shares of NYSE:VIK opened at $89.85 on Monday. The firm has a market cap of $40.04 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59. The firm’s 50 day simple moving average is $81.83 and its 200-day simple moving average is $75.15. Viking Holdings Ltd. has a one year low of $46.06 and a one year high of $93.70. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78.

Viking (NYSE:VIK) last issued its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company posted ($0.24) earnings per share. As a group, equities analysts predict that Viking Holdings Ltd. will post 3.28 EPS for the current year.

Viking Profile

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.