Viking Holdings Ltd. $VIK Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in Viking Holdings Ltd. (NYSE:VIK) by 37.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,192 shares of the company’s stock after selling 6,087 shares during the period. Oppenheimer & Co. Inc.’s holdings in Viking were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Viking by 654.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock valued at $644,556,000 after acquiring an additional 5,341,580 shares during the period. Bank of America Corp DE boosted its position in Viking by 41.0% in the first quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after buying an additional 647,606 shares during the last quarter. Ninety One UK Ltd boosted its position in Viking by 229.5% in the third quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock valued at $152,729,000 after buying an additional 1,358,007 shares during the last quarter. Evercore Wealth Management LLC raised its position in Viking by 0.9% during the 1st quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock worth $122,874,000 after buying an additional 14,465 shares during the last quarter. Finally, Amundi lifted its stake in Viking by 31.7% during the 1st quarter. Amundi now owns 682,068 shares of the company’s stock valued at $50,118,000 after acquiring an additional 164,001 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VIK. Barclays decreased their target price on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday, August 31st. Susquehanna decreased their price target on Viking from $105.00 to $100.00 and set a “positive” rating for the company in a report on Tuesday, October 20th. Morgan Stanley lifted their target price on shares of Viking from $93.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Weiss Ratings downgraded shares of Viking from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Viking in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.00.

Insider Buying and Selling at Viking

In related news, EVP Milton Hugh sold 20,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the sale, the executive vice president owned 585,571 shares of the company’s stock, valued at approximately $50,107,310.47. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Viking Price Performance

NYSE:VIK opened at $85.84 on Wednesday. Viking Holdings Ltd. has a one year low of $56.37 and a one year high of $110.09. The stock has a market cap of $38.26 billion, a PE ratio of 28.52, a P/E/G ratio of 1.05 and a beta of 1.39. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The stock has a 50 day moving average price of $84.23 and a 200 day moving average price of $85.19.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts expect that Viking Holdings Ltd. will post 3.14 EPS for the current fiscal year.

Viking Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the United States.