Viking Holdings Ltd. $VIK Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in Viking Holdings Ltd. (NYSE:VIK) by 77.1% during the third quarter, HoldingsChannel reports. The firm owned 5,677 shares of the company’s stock after selling 19,092 shares during the quarter. Park Avenue Securities LLC’s holdings in Viking were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. WINTON GROUP Ltd acquired a new position in Viking in the 2nd quarter valued at $7,535,000. The Manufacturers Life Insurance Company raised its position in Viking by 19.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 581,948 shares of the company’s stock worth $42,762,000 after buying an additional 96,166 shares during the last quarter. Junto Capital Management LP purchased a new position in Viking during the 2nd quarter worth $53,317,000. Norris Perne & French LLP MI acquired a new stake in shares of Viking in the 3rd quarter worth $8,221,000. Finally, Scholtz & Company LLC acquired a new stake in shares of Viking in the 2nd quarter worth $1,744,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jeffrey Dash sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total value of $2,255,750.00. Following the completion of the sale, the executive vice president owned 395,022 shares in the company, valued at $35,642,835.06. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $90.19, for a total transaction of $1,803,800.00. Following the sale, the executive vice president directly owned 565,571 shares in the company, valued at approximately $51,008,848.49. This represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 65,000 shares of company stock worth $5,770,950.

Viking Price Performance

VIK stock traded up $1.43 on Friday, reaching $87.59. 2,635,062 shares of the company’s stock were exchanged, compared to its average volume of 3,058,493. The stock has a fifty day moving average of $84.08 and a 200-day moving average of $85.47. The firm has a market cap of $39.04 billion, a PE ratio of 29.10, a P/E/G ratio of 1.05 and a beta of 1.39. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a twelve month low of $56.67 and a twelve month high of $110.09.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%. Viking’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. As a group, equities analysts predict that Viking Holdings Ltd. will post 3.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VIK has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Viking from $109.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Barclays cut 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. Stifel Nicolaus reduced their price objective on shares of Viking from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Jefferies Financial Group lifted their price objective on Viking from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Morgan Stanley lifted their price objective on Viking from $93.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Viking Profile