ING Groep NV Cuts Stock Position in Viking Holdings Ltd. $VIK

ING Groep NV lessened its holdings in Viking Holdings Ltd. (NYSE:VIK) by 19.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 307,900 shares of the company’s stock after selling 76,500 shares during the period. ING Groep NV owned 0.07% of Viking worth $21,987,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Prosperity Financial Group Inc. purchased a new stake in Viking in the 4th quarter worth $1,114,000. Hiddenite Capital Partners LP purchased a new stake in Viking in the 4th quarter worth $3,213,000. Stephens Investment Management Group LLC increased its stake in Viking by 39.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock worth $68,278,000 after buying an additional 269,274 shares in the last quarter. World Investment Advisors purchased a new stake in Viking in the 4th quarter worth $1,151,000. Finally, Lecap Asset Management Ltd. purchased a new stake in Viking in the 4th quarter worth $567,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Trading Down 0.1%

Shares of Viking stock opened at $89.85 on Monday. The firm has a market cap of $40.04 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 1.30 and a beta of 1.59. The business has a 50-day moving average price of $81.83 and a 200-day moving average price of $75.15. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. Viking Holdings Ltd. has a twelve month low of $46.06 and a twelve month high of $93.70.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned ($0.24) EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. Equities research analysts anticipate that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Insider Activity at Viking

In related news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen upgraded Viking from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Susquehanna raised their price objective on Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Finally, Loop Capital assumed coverage on Viking in a research report on Monday, June 1st. They set a “buy” rating and a $108.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.38.

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.