Viking (NYSE:VIK) Stock: Insider Jeffrey Dash Sells 25,000 Shares

Viking Holdings Ltd. (NYSE:VIK) EVP Jeffrey Dash sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $90.23, for a total value of $2,255,750.00. Following the completion of the transaction, the executive vice president directly owned 395,022 shares in the company, valued at approximately $35,642,835.06. This trade represents a 5.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Viking Trading Up 1.7%

VIK opened at $87.59 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The stock’s fifty day moving average is $84.08 and its two-hundred day moving average is $85.47. The company has a market capitalization of $39.04 billion, a P/E ratio of 29.10, a PEG ratio of 1.06 and a beta of 1.39. Viking Holdings Ltd. has a 52 week low of $56.67 and a 52 week high of $110.09.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business earned $0.99 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Analysts forecast that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Institutional Investors Weigh In On Viking

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Viking by 654.3% during the second quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock worth $644,556,000 after purchasing an additional 5,341,580 shares during the period. Aberdeen Group plc acquired a new position in Viking in the 3rd quarter worth approximately $121,701,000. Ninety One UK Ltd increased its holdings in Viking by 229.5% in the 3rd quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock worth $152,729,000 after buying an additional 1,358,007 shares during the period. Bank of America Corp DE increased its holdings in Viking by 41.0% in the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock worth $163,661,000 after buying an additional 647,606 shares during the period. Finally, Corient Private Wealth LP acquired a new position in Viking in the 2nd quarter worth approximately $57,131,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Susquehanna lowered their price objective on shares of Viking from $105.00 to $100.00 and set a “positive” rating for the company in a research note on Tuesday, October 20th. Benchmark upgraded shares of Viking to a “strong-buy” rating in a report on Friday, September 25th. The Goldman Sachs Group raised their target price on shares of Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Barclays reduced their price target on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, August 31st. Finally, Jefferies Financial Group upped their price target on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Viking Company Profile