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

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 159 shares of Viking stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 110,771 shares of the company’s stock, valued at approximately $10,486,690.57. This trade represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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 Stock Down 0.6%

NYSE VIK traded down $0.54 on Tuesday, reaching $94.29. 3,282,420 shares of the stock traded hands, compared to its average volume of 3,076,351. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The company has a fifty day moving average price of $84.50 and a 200-day moving average price of $76.55. The company has a market cap 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 Holdings Ltd. has a 12 month low of $47.02 and a 12 month high of $96.54.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group reiterated a “buy” rating and issued a $100.00 price target on shares of Viking in a report on Wednesday, May 27th. Sanford C. Bernstein began coverage on Viking in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $120.00 price objective for the company. Weiss Ratings cut Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $102.00 in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

Hedge Funds Weigh In On Viking

Large investors have recently bought and sold shares of the business. Activest Wealth Management raised its holdings in Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Viking in the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC grew its position in shares of Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Viking in the third quarter worth approximately $26,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Company 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.