Maven Securities LTD Purchases New Position in Viking Holdings Ltd. $VIK

Maven Securities LTD purchased a new stake in Viking Holdings Ltd. (NYSE:VIK) during the second quarter, Holdings Channel reports. The firm purchased 62,218 shares of the company’s stock, valued at approximately $6,512,000.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in shares of Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares in the last quarter. Prudential Financial Inc. bought a new position in Viking during the 2nd quarter valued at about $303,000. Daiwa Securities Group Inc. acquired a new position in Viking in the second quarter valued at about $922,000. State Street Corp boosted its position in Viking by 34,748.5% in the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after buying an additional 1,806,920 shares in the last quarter. Finally, Nebula Research & Development LLC grew its stake in Viking by 275.0% during the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after buying an additional 22,188 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Trading Up 2.7%

VIK opened at $88.10 on Wednesday. Viking Holdings Ltd. has a 1-year low of $56.37 and a 1-year high of $110.09. The stock has a market capitalization of $39.26 billion, a PE ratio of 29.27, a PEG ratio of 1.01 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. The firm has a 50-day moving average price of $97.64 and a two-hundred day moving average price of $87.78.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the business earned $0.99 earnings per share. Viking’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, equities analysts anticipate that Viking Holdings Ltd. will post 3.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viking news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the transaction, the executive vice president owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 17,566 shares of company stock valued at $1,640,166.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VIK. Susquehanna raised their price objective on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Friday, May 15th. Loop Capital assumed coverage on Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 target price on the stock. Mizuho increased their price target on Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a research report on Monday, August 24th. Barclays dropped their price target on Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, August 31st. Finally, Sanford C. Bernstein started coverage on Viking in a research report on Wednesday, June 3rd. They issued an “outperform” rating and a $120.00 price objective for the company. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.33.

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.