Sumitomo Mitsui Trust Group Inc. Buys 7,776 Shares of Viking Holdings Ltd. $VIK

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 28.6% during the first quarter, Holdings Channel.com reports. The fund owned 34,996 shares of the company’s stock after purchasing an additional 7,776 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Viking were worth $2,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in Viking in the 3rd quarter worth about $26,000. Activest Wealth Management boosted its holdings in shares of 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 buying an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Viking during the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC increased its holdings in Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after buying an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after buying an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 6,120 shares of Viking stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $94.30, for a total transaction of $577,116.00. Following the completion of the sale, the executive vice president directly owned 110,930 shares in the company, valued at $10,460,699. The trade was a 5.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 17,566 shares of company stock worth $1,640,166 in the last three months.

Viking Price Performance

Shares of NYSE:VIK opened at $98.22 on Thursday. Viking Holdings Ltd. has a 12 month low of $55.55 and a 12 month high of $105.76. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The stock has a market cap of $43.78 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.41 and a beta of 1.48. The company has a 50 day moving average of $92.93 and a 200 day moving average of $81.11.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.24) EPS. As a group, sell-side analysts forecast that Viking Holdings Ltd. will post 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VIK shares. BNP Paribas Exane reiterated an “outperform” rating and issued a $121.00 target price (up from $104.00) on shares of Viking in a research note on Tuesday. Mizuho lifted their price target on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. upped their price objective on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Susquehanna increased their price objective on Viking from $100.00 to $105.00 and gave the company a “positive” rating in a report on Friday, May 15th. Finally, UBS Group reissued a “buy” rating and issued a $100.00 target price on shares of Viking in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.17.

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.