Viking Holdings Ltd. $VIK Stock: Oppenheimer & Co. Inc. Decreases Stake

Oppenheimer & Co. Inc. decreased its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 37.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,192 shares of the company’s stock after selling 6,087 shares during the period. Oppenheimer & Co. Inc.’s holdings in Viking were worth $798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Viking in the second quarter worth about $31,000. Basecamp Wealth Advisors LLC purchased a new stake in shares of Viking in the first quarter worth $25,000. GAMMA Investing LLC grew its stake in shares of Viking by 18.3% in the second quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after acquiring an additional 145 shares during the last quarter. Signaturefd LLC boosted its stake in Viking by 76.0% in the 3rd quarter. Signaturefd LLC now owns 1,190 shares of the company’s stock worth $93,000 after purchasing an additional 514 shares in the last quarter. Finally, Ninety One SA Pty Ltd purchased a new stake in Viking during the 3rd quarter valued at about $110,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Stock Performance

Shares of Viking stock opened at $85.84 on Wednesday. Viking Holdings Ltd. has a 12 month low of $56.37 and a 12 month high of $110.09. The stock’s fifty day moving average price is $84.23 and its 200-day moving average price is $85.19. The firm has a market cap of $38.26 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.05 and a beta of 1.39. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 20th. The company reported $1.31 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 during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Viking’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities research analysts expect that Viking Holdings Ltd. will post 3.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on VIK. Benchmark raised shares of Viking to a “strong-buy” rating in a research report on Friday, September 25th. Stifel Nicolaus reduced their price objective on Viking from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Barclays reduced their price target on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday, August 31st. Wells Fargo & Company raised their price objective on shares of Viking from $109.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Mizuho raised their target price on shares of Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $108.00.

Insider Activity

In related news, EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the completion of the transaction, the executive vice president owned 585,571 shares in the company, valued at $50,107,310.47. The trade was a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Viking Company Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the United States.