Viking (NYSE:VIK) Stock: Insider Milton Hugh Sells 20,000 Shares

Viking Holdings Ltd. (NYSE:VIK) EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $90.19, for a total value of $1,803,800.00. Following the completion of the transaction, the executive vice president directly owned 565,571 shares of the company’s stock, valued at approximately $51,008,848.49. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Milton Hugh also recently made the following trade(s):

• On Friday, September 11th, Milton Hugh sold 20,000 shares of Viking stock. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00.

Viking Price Performance

Shares of VIK stock opened at $87.59 on Friday. The stock’s 50-day moving average is $84.08 and its 200 day moving average is $85.47. Viking Holdings Ltd. has a 1-year low of $56.67 and a 1-year high of $110.09. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79. The company has a market cap of $39.04 billion, a P/E ratio of 29.10, a PEG ratio of 1.06 and a beta of 1.39.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. Research analysts predict that Viking Holdings Ltd. will post 3.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VIK. Ameritas Advisory Services LLC acquired a new stake in shares of Viking during the second quarter worth about $31,000. Basecamp Wealth Advisors LLC acquired a new position in Viking in the 1st quarter worth approximately $25,000. Axiom Investment Management LLC increased its holdings in Viking by 87.2% in the 3rd quarter. Axiom Investment Management LLC now owns 513 shares of the company’s stock worth $40,000 after buying an additional 239 shares during the period. Hughes Financial Services LLC increased its holdings in Viking by 3,953.3% in the 3rd quarter. Hughes Financial Services LLC now owns 608 shares of the company’s stock worth $48,000 after buying an additional 593 shares during the period. Finally, GAMMA Investing LLC raised its position in Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after buying an additional 145 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VIK has been the topic of a number of analyst reports. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $121.00 price objective (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. Barclays reduced their price objective on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, August 31st. Truist Financial decreased their target price on shares of Viking from $102.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. BMO Capital Markets restated an “outperform” rating on shares of Viking in a research note on Wednesday, August 26th. Finally, Bank of America lowered their target price on shares of Viking from $115.00 to $105.00 in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Viking Company Profile